Investment property in Leanyer has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.79%
Comparing Leanyer,0812 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Leanyer should be aiming for at least -7.98% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $517.5 and the average annual increase in value of a median property of 2.66%, investors should hope to achieve an overall return of 4.89%
At number 1611th in the list of Australian suburbs ordered by increase in median house value over the last year, Leanyer, 0812 is in the BOTTOM 10% with a property value increase of -12.50% recorded in median house prices.
The five-year average increase in median property values for Leanyer,0812 has given property investors a potential capital gain of -13.31% across each of those five years.
Leanyer, 0812 is offering NT ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 1.85%.
About 14km north of the Darwin CBD, the suburb of Leanyer recorded an interesting trend in its dwelling stock movements, with housing supply dropping by more than half while that of units roseFull summary
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Leanyer, NT – Unit stock increases while houses fall
Median unit price: $375,000
Stock on market: -20.5%
12-month growth: -3.2%
About 14km north of the Darwin CBD, the suburb of Leanyer recorded an interesting trend in its dwelling stock movements, with housing supply dropping by more than half while that of units rose.
The number of apartments listed as of November 2017 reached 20, up from 11 in the previous year. Unfortunately, its negative growth trend has continued on, with values slipping by 3.2% to a median of $375,000.
Originally established as a military base and residential suburb, Leanyer is now home to several schools, including Leanyer Primary School and Good Shepherd Lutheran College. There are also excellent recreation spots in the suburb, including Casuarina Coastal Reserve, a beach, a nature park, a water park, a shopping hub and a social club.Close