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%.