Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $420,000, Annual capital growth 5.02%, Number of sales 48, Weekly median advertised rent $520

Gillen Unit: Median price $300,000, Annual capital growth 7.16%, Number of sales 17, Weekly median advertised rent $368

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$420,000 $300,000
-2.67% 9.09%
-5.62% 7.14%
5.02% 7.16%
$520 $368
48 17
6.44% 6.37%
97.63 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (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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Recent sales & rentals