Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Johnston has increased when compared to the 5 year average annual rate.
Johnston, 0832 is offering NT ‘s 17th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NT.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 30.79%.
At number 544th in the list of Australian suburbs ordered by increase in median house value over the last year, Johnston, 0832 is in the top 40% with a property value increase of 7.22% recorded in median house prices.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 7.22%, investors should hope to achieve an overall return of 4.50%