At number 3349th in the list of Australian suburbs ordered by increase in median house value over the last year, Desert Springs, 0870 is in the BOTTOM 30% with a property value increase of -2.13% recorded in median house prices.
If we look at median property appreciation over just the last three months, Desert Springs has given property investors a paper return of -0.72%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in NT
Sellers are offering property buyers an average discount of -5.30% to buyers in Desert Springs at the moment, which is less than average for the rest of NT.
With the median price for a house in Desert Springs being $690000 and the advertised rent reaching $830 the gross rental yield for property investors calculates out to be 6.26%
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