If you compare the increase in value of investment property in Gillen, 0870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -7.57%.
A -1.19% growth in median value for property investors in Gillen,0870 puts this suburb at number 14th in terms of best performing suburbs in NT
Sellers are offering property buyers an average discount of -5.90% to buyers in Gillen at the moment, which is less than average for the rest of NT.
The NT suburb of Gillen, 0870 is in the Alice Springs local government area.
NT has seen average median house prices change by -2.10% which means that Gillen, 0870 has not done well for property investors by showing a capital gain of 38.49% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gillen has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Gillen are currently offering property investors an average price cut of -6.27% below the asking price at the moment.
Residents and property investors in Gillen have been waiting around 102.08 days to sell a property.