Suburb Profile Report for East Side NT (0870)

East Side House: Median price $505,000, Annual capital growth 6.02%, Number of sales 41, Weekly median advertised rent $538

East Side Unit: Median price $307,500, Annual capital growth 4.54%, Number of sales 20, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$505,000 $307,500
-1.75% -5.38%
-0.98% -3.91%
6.02% 4.54%
$538 $360
41 20
5.53% 6.09%
86.21 139.57

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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