East Side has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of -0.98% to date .
If we look at median property appreciation over just the last three months, East Side has given property investors a paper return of -1.75%. This puts Suburb as 26 on a list of fastest fasting appreciating suburbs in NT
At number 39th of NT’s most discounted properties, East Side is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
Using the current median advertised rental of $537.5 and the average annual increase in value of a median property of 6.02%, investors should hope to achieve an overall return of 5.53%
At number 1359th in the list of Australian suburbs ordered by increase in median house value over the last year, East Side, 0870 is in the BOTTOM 30% with a property value increase of -3.91% recorded in median house prices.
A -3.91% growth in median value for property investors in East Side,0870 puts this suburb at number 12th in terms of best performing suburbs in NT
Sellers are offering property buyers an average discount of -6.61% to buyers in East Side at the moment, which is less than average for the rest of NT.
At number 1399 in a list of fastest selling suburbs, East Side is in the bottom 10% of suburbs in Australia with an average of days on market 139.57 for properties listed there.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 6.09%, without taking into account capital value appreciation, which has been averaging out at 4.54%.