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 -15.09%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fannie Bay has increased when compared to the 5 year average annual rate.
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.
Fannie Bay, 0820’s gross rental yield is 5.01%
Fannie Bay has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of 3.60% to date .
Over the longer term, Fannie Bay has seen property prices show investors a 32.14% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Fannie Bay is offering property investors an average of -9.54. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in NT
With the median price for a house in Fannie Bay being $647500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.61%