Giving property investors a a solid capital gain of 16.62% for the last year, Tennant Creek, 0860 is the 274th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tennant Creek has fallen somewhat when compared to the 5 year average annual rate.
Property investors should expect to get $425 weekly from the median priced house in this suburb.
Information supplied by:
Tennant Creek, NT – Occupancies stay low
Median house price: $190,000
Vacancy rate: 0.6%
Three-year growth: -24.0%
Tennant Creek showcases the heart of the Outback, with a wealth of history, nature and culture. The last gold rush in Australia happened in this area in the 1930s, and since then, it has been known as the Top End’s “heart of gold.”
The Battery Hill Mining Centre celebrates this heritage by offering an underground tour. The Warumungu people reside here, and the Nyinkka Nyunyu Art and Culture Centre pays tribute to the native culture next to the Winanjjikari Music Centre. Lake Mary Ann is a picturesque swimming spot that can be reached via a walking trail through the Honeymoon Ranges.
After prolonged period of decline, Tennant Creek is picking up, with vacancy rates remaining quite tight.