At number 3502th in the list of Australian suburbs ordered by increase in median house value over the last year, Gillen, 0870 is in the BOTTOM 20% with a property value increase of -5.62% recorded in median house prices.
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.
Sellers are offering property buyers an average discount of -7.46% to buyers in Gillen at the moment, which is less than average for the rest of NT.
In the last year 48 properties changed hands in Gillen, which puts it as the 4th most active market in NT when comparing the number of sales per suburb.
The NT suburb of Gillen, 0870 is in the Alice Springs local government area.
Over the last year, property investments in Gillen, 0870 have given investors a capital gain of 7.14%. This compares very favourably with the -3.70% for NT as a whole.
The five-year average increase in median property values for Gillen,0870 has given property investors a potential capital gain of -13.04% across each of those five years.
Property investors should expect to get $367.5 weekly from the median priced house in this suburb.