Property investors who have had real estate in Fannie Bay, 0820 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 -9.38%
Fannie Bay,0820 has offered an average of -9.38% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -9.37% to buyers in Fannie Bay at the moment, which is less than average for the rest of NT.
In the last year 17 properties changed hands in Fannie Bay, which puts it as the 40th most active market in NT when comparing the number of sales per suburb.
A $900 per week rent on the median house gives suburb investors a gross yield of circa 5.10%, without taking into account capital value appreciation, which has been averaging out at 3.71%.
Investment property in Fannie Bay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.95%
The five-year average increase in median property values for Fannie Bay,0820 has given property investors a potential capital gain of 28.43% across each of those five years.
Fannie Bay, 0820 is offering NT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NT.
Situated 4.26km from the CBD, Fannie Bay is one of Darwin localities in the postcode 0820.