Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $417,500, Annual capital growth 5.18%, Number of sales 42, Weekly median advertised rent $500

Gillen Unit: Median price $315,250, Annual capital growth 6.62%, Number of sales 22, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Gillen is an average performer in NT when comparing median price capital growth over the last year. Gillen gave property investors a average capital gain figure when compared to the rest of the state, with -6.60%.

A -4.02% growth in median value for property investors in Gillen,0870 puts this suburb at number 13th in terms of best performing suburbs in NT

Sellers are offering property buyers an average discount of -6.83% to buyers in Gillen at the moment, which is less than average for the rest of NT.

With the median price for a house in Gillen being $417500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 6.23%

NT has seen average median house prices change by -4.08% which means that Gillen, 0870 has not done well for property investors by showing a capital gain of 28.94% over the last year

A -11.94% growth in median value for property investors in Gillen,0870 puts this suburb at number 2nd in terms of best performing suburbs in NT

Property investors looking for a bargain in Gillen should be aiming for at least -5.62% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Gillen the average time real estate has been on the market is 104.92 days.

Gillen is 8th on a list of best yielding suburbs for rents in NT with a 5.94% return

HOUSE UNIT
$417,500 $315,250
-0.60% 5.08%
-6.60% 28.94%
5.18% 6.62%
$500 $360
42 22
6.23% 5.94%
91.84 104.92

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
Chart Table
Recent sales & rentals