Investment property in Gunn has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.03%
Taking the average capital gain, or increase in median house value, Gunn,0832 has racked up an average of -7.03% over the period. This ranks it number 4012th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Gunn 0832 should be seeing an average reduction in asking price of around -6.99% . This means that Gunn is holding prices well when compared to other suburbs in NT.
Often selling an investment property can take time, and in Gunn the average time real estate has been on the market is 109.52 days.
The NT suburb of Gunn, 0832 is in the Palmerston local government area.
A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets.Full summary
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Palmerston suburb works to avoid excess supply
Median house price: $479,000
Stock on market: -17.80%
12-month growth: -18.47%
Boasting family homes with big backyards, this popular inner suburb of Palmerston – a satellite city located around 30 minutes’ drive (or 23km) from Darwin – is growing in popularity.
A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets. These types of properties will readily return a yield of 5%-plus, where families are keen to live within close proximity to the local schools and the Palmerston CBD, which is a 10-minute drive.
In response to the Northern Territory’s downward slide, Gunn is aiming to minimise expenditures and avoid oversupply by limiting the number of properties on the market. Thus, stock fell by almost 18% in the past 12 months.