With a capital gain of -1.79% for the last 12 months, Durack, 0830 has performed for property investments than its average annual 2.93% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Durack has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Durack is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in NT
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Durack, 0830’s gross rental yield is 5.06%