Rosebery has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -7.54% to date .
While Rosebery,0832 ranked number 24th in NT for increase in median house value (annualised) increase, it is ranked 14th over the last 5 years.
Rosebery0832 is located in NT which offers an average discount of -7.66% to property investors. Rosebery itself is showing figures that indicate -8.01% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Rosebery the average time real estate has been on the market is 106.86 days.
Situated 17.08km from the CBD, Rosebery is one of Palmerston localities in the postcode 0832.
Rosebery, 0832 ranked 9th in NT when comparing growth in median property values or capital gain over the last 12 months. Rosebery is one of 124 in our list for NT
Over the longer term, Rosebery has seen property prices show investors a 1.80% return over the last 3 years. This is worse than over the last 12 months
Rosebery, 0832’s gross rental yield is 4.71%
For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.Full summary
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For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.
“These are strong rental markets because they are family areas, which tend to attract long-term renters, while local defence force personnel, who operate from the nearby Robertson Barracks, also underpin the rental market,” he says, adding that Palmerston (and Darwin’s) rents are expected to ramp up this year.
“We haven’t seen an increase in median rents in quite a while, but we expect to see some significant hikes in 2012,” he says. “So now is a good time for investors to get their skates on.”
A scan of Rosebery’s listings on realestate.com.au reveals that single-storey, three-bedroom, brick houses are on the market for around the $480,000 mark, with their marketing campaigns often being targeted towards investors. Page visits for recent listings in Rosebery number in the low to mid hundreds.
The unemployment rate in the local SLA was measured at 1.5% according to ABS 2010 figures. Meanwhile, SLA population growth between June 2009 and June 2010 was an impressive 11.5%. Building approvals for houses dropped off from 181 to 123 during the same period, while unit approvals jumped from 216 to 254.
Rosebery is around a 30-minute drive from the Darwin CBD, along the Stuart Highway, while the bulk of the nearby shopping and amenities are 3km north in the Palmerston Shopping Centre.