At number 3203th 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 -1.40% recorded in median house prices.
Desert Springs,0870 was ranked 3089 in Australia by increase in median property value over the quarter.
Vendor discounting in Desert Springs is giving property investors an average Vendor Discount of around -6.06%. This puts suburb at number 32th in NT when ranking the most discounted suburbs.
In the last year 17 properties changed hands in Desert Springs, which puts it as the 39th most active market in NT when comparing the number of sales per suburb.
Property investors should expect to get $845 weekly from the median priced house in this suburb.
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