Investment property in Fannie Bay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.11%
Fannie Bay,0820 has offered an average of -13.11% return per annum in house price rises to property investors over the last three years.
The most recent median price for Fannie Bay is $918000, with sellers offering an average of -9.37% off the asking price.
Residents and property investors in Fannie Bay have been waiting around 86.81 days to sell a property.
Property investors who have had real estate in Fannie Bay, 0820 should be relatively unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.77%
The five-year average increase in median property values for Fannie Bay,0820 has given property investors a potential capital gain of 31.00% 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 Fannie Bay, 0820. Typically our figures indicate that -6.66% is being offered, which puts this NT suburb at 333th most discounted overall in Australia.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 9.24%.