Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $421,000, Annual capital growth 5.08%, Number of sales 49, Weekly median advertised rent $500

Gillen Unit: Median price $322,000, Annual capital growth 7.03%, Number of sales 27, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Gillen, 0870 ranked 21th in NT when comparing growth in median property values or capital gain over the last 12 months. Gillen is one of 124 in our list for NT

If we look at median property appreciation over just the last three months, Gillen has given property investors a paper return of 0.84%. This puts Suburb as 19 on a list of fastest fasting appreciating suburbs in NT

LACK OF BUYER INTEREST may well be the reason that Gillen is offering property investors an average of -7.51. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in NT

Situated 1285.28km from the CBD, Gillen is one of Alice Springs localities in the postcode 0870.

Over the last year, property investments in Gillen, 0870 have given investors a capital gain of 38.49%. This compares very favourably with the -2.49% for NT as a whole.

If we look at median property appreciation over just the last three months, Gillen has given property investors a paper return of 2.14%. This puts Suburb as 6 on a list of fastest fasting appreciating suburbs in NT

Gillen0870 is located in NT which offers an average discount of -8.82% to property investors. Gillen itself is showing figures that indicate -6.38% is the average achievable by property buyers investing in the suburb.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.81%, without taking into account capital value appreciation, which has been averaging out at 7.03%.

Metrics i HOUSE UNIT
$421,000 $322,000
0.84% 2.14%
-2.77% 38.49%
5.08% 7.03%
$500 $360
49 27
6.18% 5.81%
95.11 88.18

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 4417
Median household income ($/weekly) 1707
Median age of persons 32
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 661 15.0
    25-34 years 723 16.4
    35-44 years 725 16.4
    45-54 years 641 14.5
    55-64 years 422 9.6
    Others 1245 28.2
    Age Group
    Census Count Percent(%)
    Not Married 1233 42.2
    Registered Married 1170 40.0
    Defacto Relationship 519 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2970 73.3
    Papua New Guinea 133 3.3
    United Kingdom 162 4.0
    United States of America 178 4.4
    Other 189 4.7
    Others 422 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.7
    Christianity 2576 66.9
    Hinduism 49 1.3
    Other Religious Groups 36 0.9
    No Religion 1099 28.5
    Others 26 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 9.0
    $1,250-$1,499 124 9.8
    $1,500-$1,999 203 16.1
    $2,000-$2,499 209 16.6
    $2,500-$2,999 136 10.8
    Others 474 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1730 55.7
    Not in the labour force 655 21.1
    Employed, worked part-time 472 15.2
    Employed, away from work 163 5.2
    Unemployed, looking for work 86 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 218 9.2
    Professionals 560 23.7
    Technicians & trades workers 370 15.7
    Community & personal service workers 333 14.1
    Clerical & administrative workers 396 16.8
    Others 481 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 76 7.6
    Infants/Primary 392 39.1
    Secondary 273 27.2
    Technical or Further Educational Institution 77 7.7
    University or other Tertiary Institutions 144 14.4
    Others 41 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3024 76.1
    Flat, unit or apartment 506 12.7
    Semi-detached, row or terrace house, townhouse 443 11.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 613 42.8
    Rented 611 42.7
    Fully owned 192 13.4
    Other tenure type 15 1.0
    Tenure Type
Census 2011, ABS
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