Suburb Profile Report for East Side NT (0870)

East Side House: Median price $497,500, Annual capital growth 6.04%, Number of sales 49, Weekly median advertised rent $515

East Side Unit: Median price $325,000, Annual capital growth 4.67%, Number of sales 23, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NT has seen average median house prices change by -5.23% which means that East Side, 0870 has not done well for property investors by showing a capital gain of -1.00% over the last year

Across a shorter period, East Side, 0870 has seen a median price increase of -2.26% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in East Side, 0870. Typically our figures indicate that -3.67% is being offered, which puts this NT suburb at 3182th most discounted overall in Australia.

In the last year 49 properties changed hands in East Side, which puts it as the 9th most active market in NT when comparing the number of sales per suburb.

Using the current median advertised rental of $515 and the average annual increase in value of a median property of 6.04%, investors should hope to achieve an overall return of 5.38%

If you compare the increase in value of investment property in East Side, 0870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NT suburb was 2.36%.

Across a shorter period, East Side, 0870 has seen a median price increase of 5.69% over the last quarter.

Our latest figures would indicate that property sellers in East Side are currently offering property investors an average price cut of -5.39% below the asking price at the moment.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 4.67%.

Metrics i HOUSE UNIT
$497,500 $325,000
-2.26% 5.69%
-1.00% 2.36%
6.04% 4.67%
$515 $360
49 23
5.38% 5.76%
74.81 124.76

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2980
Median household income ($/weekly) 1792
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 399 13.4
    25-34 years 521 17.5
    35-44 years 440 14.8
    45-54 years 487 16.3
    55-64 years 393 13.2
    Others 741 24.9
    Age Group
    Census Count Percent(%)
    Not Married 905 46.3
    Registered Married 667 34.1
    Defacto Relationship 382 19.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2121 77.2
    Papua New Guinea 79 2.9
    United Kingdom 113 4.1
    United States of America 99 3.6
    Other 118 4.3
    Others 219 8.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 2.6
    Christianity 1390 54.2
    Hinduism 42 1.6
    Other Religious Groups 29 1.1
    No Religion 1004 39.2
    Others 31 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 88 9.5
    $1,250-$1,499 74 8.0
    $1,500-$1,999 164 17.7
    $2,000-$2,499 128 13.9
    $2,500-$2,999 131 14.2
    Others 339 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1237 56.6
    Not in the labour force 391 17.9
    Employed, worked part-time 384 17.6
    Employed, away from work 132 6.0
    Unemployed, looking for work 43 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 226 12.9
    Professionals 565 32.3
    Technicians & trades workers 193 11.0
    Community & personal service workers 237 13.5
    Clerical & administrative workers 237 13.5
    Others 292 16.7
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.6
    Infants/Primary 253 36.5
    Secondary 185 26.7
    Technical or Further Educational Institution 53 7.6
    University or other Tertiary Institutions 134 19.3
    Others 22 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1877 72.2
    Semi-detached, row or terrace house, townhouse 628 24.2
    Flat, unit or apartment 91 3.5
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 443 42.4
    Being purchased 394 37.7
    Fully owned 198 18.9
    Other tenure type 10 1.0
    Tenure Type
Census 2011, ABS
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