If you compare the increase in value of investment property in Fannie Bay, 0820 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NT suburb was 12.75%.
With the median price for a house in Fannie Bay being $1035000 and the advertised rent reaching $825 the gross rental yield for property investors calculates out to be 4.14%
Over the last year, property investments in Fannie Bay, 0820 have given investors a capital gain of -16.92%. This compares very badly with the -1.93% for NT as a whole.
Fannie Bay,0820 was ranked 1015 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Fannie Bay are currently offering property investors an average price cut of -7.16% below the asking price at the moment.
With the median price for a house in Fannie Bay being $540000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.04%