NT has seen average median house prices change by -6.23% which means that Rosebery, 0832 has not done well for property investors by showing a capital gain of -10.85% over the last year
Across a shorter period, Rosebery, 0832 has seen a median price increase of -2.13% over the last quarter.
Property buyers and investors in Rosebery 0832 should be seeing an average reduction in asking price of around -7.59% . This means that Rosebery is holding prices well when compared to other suburbs in NT.
Renters in Suburb are facing rents around $6960 per annum or $580 every week.
Property investors who have had real estate in Rosebery, 0832 should be relatively unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
If we look at median property appreciation over just the last three months, Rosebery has given property investors a paper return of -0.55%. This puts Suburb as 13 on a list of fastest fasting appreciating suburbs in NT
In the last year 11 properties changed hands in Rosebery, which puts it as the 22th most active market in NT when comparing the number of sales per suburb.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.53%, investors should hope to achieve an overall return of 4.62%
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.