Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $420,000, Annual capital growth 5.05%, Number of sales 53, Weekly median advertised rent $520

Gillen Unit: Median price $320,500, Annual capital growth 6.56%, Number of sales 28, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Gillen has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.56% to date .

Comparing Gillen,0870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Vendor discounting in Gillen is giving property investors an average Vendor Discount of around -6.28%. This puts suburb at number 34th in NT when ranking the most discounted suburbs.

Residents and property investors in Gillen have been waiting around 97.5 days to sell a property.

NT has seen average median house prices change by -0.95% which means that Gillen, 0870 has not done well for property investors by showing a capital gain of 43.08% over the last year

Across a shorter period, Gillen, 0870 has seen a median price increase of -3.90% over the last quarter.

At number 12th of NT’s most discounted properties, Gillen is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Gillen the average time real estate has been on the market is 103.54 days.

Metrics i HOUSE UNIT
$420,000 $320,500
0.00% -3.90%
-6.56% 43.08%
5.05% 6.56%
$520 $360
53 28
6.44% 5.84%
97.5 103.54

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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