Property value increases in Rapid Creek have tracked higher than the NT average of -4.98% over the last 12 months.
While Rapid Creek,0810 ranked number 37th in NT for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
The most recent median price for Rapid Creek is $657500, with sellers offering an average of -6.01% off the asking price.
Advertised rents are around the $575 mark per week – giving a return of 4.55% based on the median price in Suburb
Property investors who have had real estate in Rapid Creek, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -24.66%
The five-year average increase in median property values for Rapid Creek,0810 has given property investors a potential capital gain of -13.61% across each of those five years.
Vendor discounting in Rapid Creek is giving property investors an average Vendor Discount of around -14.48%. This puts suburb at number in NT when ranking the most discounted suburbs.