If you compare the increase in value of investment property in Rapid Creek, 0810 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -3.38%.
The five-year average increase in median property values for Rapid Creek,0810 has given property investors a potential capital gain of 7.08% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rapid Creek, 0810. Typically our figures indicate that -7.82% is being offered, which puts this NT suburb at 898th most discounted overall in Australia.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 3.75%, investors should hope to achieve an overall return of 4.29%
Property value increases in Rapid Creek have tracked lower than the NT average of -4.66% over the last 12 months.
The five-year average increase in median property values for Rapid Creek,0810 has given property investors a potential capital gain of -4.11% across each of those five years.
Property buyers and investors in Rapid Creek 0810 should be seeing an average reduction in asking price of around -9.87% . This means that Rapid Creek is holding prices well when compared to other suburbs in NT.
Advertised rents are around the $400 mark per week – giving a return of 5.94% based on the median price in Suburb