NT has seen average median house prices change by -3.69% which means that Rapid Creek, 0810 has not done well for property investors by showing a capital gain of 7.89% over the last year
Taking the average capital gain, or increase in median house value, Rapid Creek,0810 has racked up an average of 7.89% over the period. This ranks it number 3024th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Rapid Creek is giving property investors an average Vendor Discount of around -6.14%. This puts suburb at number 30th in NT when ranking the most discounted suburbs.
At number 1547 in a list of fastest selling suburbs, Rapid Creek is just in the top half of suburbs in Australia with an average of days on market 65.52 for properties listed there.
Advertised rents are around the $600 mark per week – giving a return of 4.35% based on the median price in Suburb
Property value increases in Rapid Creek have tracked higher than the NT average of -5.96% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Rapid Creek comes in at number 14th in NT.
Rapid Creek, 0810 is offering NT ‘s 12th 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.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Rapid Creek is 23th on a list of best yielding suburbs for rents in NT with a 4.86% return