Over the last year, property investments in East Side, 0870 have given investors a capital gain of 0.59%. This compares favourably with the -4.85% for NT as a whole.
Comparing East Side,0870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.22% to buyers in East Side at the moment, which is less than average for the rest of NT.
The NT suburb of East Side, 0870 is in the Alice Springs local government area.
With a capital gain of -0.76% for the last 12 months, East Side, 0870 has performed for property investments than its average annual 5.20% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, East Side comes in at number 7th in NT.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.82% offered to property buyers. Sellers in East Side itself are offering an average vendor discount of -6.96% to real estate investors.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.20%, investors should hope to achieve an overall return of 5.92%