With a capital gain of -5.29% for the last 12 months, Desert Springs, 0870 has performed for property investments than its average annual 4.20% property growth over the last 5 years.
Desert Springs,0870 has offered an average of -5.29% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Desert Springs, 0870. Typically our figures indicate that -2.53% is being offered, which puts this NT suburb at 3929th most discounted overall in Australia.
Often selling an investment property can take time, and in Desert Springs the average time real estate has been on the market is 44 days.
With the median price for a house in Desert Springs being $644000 and the advertised rent reaching $757.5 the gross rental yield for property investors calculates out to be 6.12%
Desert Springs, on the banks of the Todd River in Alice Springs, is home to the Alice Springs Golf Club and Olive Pink Botanic Gardens, which specialises in the flora of Australia’s arid interiorFull summary
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Limited space in Alice Springs neighbour
Median house price: $667,500
Vacancy rate: 0.8%
Three-year growth: 4.6%
Desert Springs, on the banks of the Todd River in Alice Springs, is home to the Alice Springs Golf Club and Olive Pink Botanic Gardens, which specialises in the flora of Australia’s arid interior.
It’s also just a short drive from many of the Alice’s top tourist attractions, including the Alice Springs Reptile Centre and the National Pioneer Women’s Hall of Fame. With a vacancy rate of just 0.8%, Desert Springs is a solid choice for an investment property.
While unit prices are down by 2.5% this quarter to $332,000, rental yields are strong at 6.9%, and landlords can expect to achieve a median weekly rent of around $440. House prices have also been on a downward trend, dropping 4.6% in the past twelve months to $668,000, and stock levels are unchanged compared to last year.Close