Over the last year, property investments in East Side, 0870 have given investors a capital gain of 11.62%. This compares very favourably with the -5.07% for NT as a whole.
East Side,0870 was ranked 193 in Australia by increase in median property value over the quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.55% offered to property buyers. Sellers in East Side itself are offering an average vendor discount of -5.20% to real estate investors.
Residents and property investors in East Side have been waiting around 93.51 days to sell a property.
East Side, 0870’s gross rental yield is 4.71%
NT has seen average median house prices change by -3.63% which means that East Side, 0870 has not done well for property investors by showing a capital gain of 18.40% over the last year
While East Side,0870 ranked number 4th in NT for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.
Property buyers and investors in East Side 0870 should be seeing an average reduction in asking price of around -6.51% . This means that East Side is holding prices well when compared to other suburbs in NT.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 6.04%, without taking into account capital value appreciation, which has been averaging out at 5.49%.