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%.