Rosebery has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -5.60% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rosebery has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -8.08% to buyers in Rosebery at the moment, which is less than average for the rest of NT.
Renters in Suburb are facing rents around $7200 per annum or $600 every week.
At number 1060th in the list of Australian suburbs ordered by increase in median house value over the last year, Rosebery, 0832 is in the BOTTOM 40% with a property value increase of 0.78% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Rosebery,0832 has racked up an average of 0.78% over the period. This ranks it number 1257th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Rosebery being $452500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.60%
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.