At number 3188th in the list of Australian suburbs ordered by increase in median house value over the last year, Bellamack, 0832 is in the BOTTOM 30% with a property value increase of -2.26% recorded in median house prices.
LACK OF BUYER INTEREST may well be the reason that Bellamack is offering property investors an average of -7.59. This rate of discount on properties puts Suburb at number 30th in terms of most discounted suburbs in NT
At number 3343 in a list of fastest selling suburbs, Bellamack is in the bottom 20% of suburbs in Australia with an average of days on market 130.6 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 27.43%, investors should hope to achieve an overall return of 5.20%
Property investors who have had real estate in Bellamack, 0832 should be pleased 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 25.87%
While Bellamack,0832 ranked number 15th in NT for increase in median house value (annualised) increase, it is ranked 21th over the last 5 years.