Over the last year, property investments in Leanyer, 0812 have given investors a capital gain of -4.17%. This compares averagely with the -2.30% for NT as a whole.
Across a shorter period, Leanyer, 0812 has seen a median price increase of -0.98% over the last quarter.
Property buyers and investors in Leanyer 0812 should be seeing an average reduction in asking price of around -8.01% . This means that Leanyer is holding prices well when compared to other suburbs in NT.
Often selling an investment property can take time, and in Leanyer the average time real estate has been on the market is 91.2903 days.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
Leanyer has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.90% to date .
A -33.50% growth in median value for property investors in Leanyer,0812 puts this suburb at number 11th in terms of best performing suburbs in NT
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 6.55%, without taking into account capital value appreciation, which has been averaging out at -1.54%.
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Leanyer, NT – Unit stock increases while houses fall
Median unit price: $375,000
Stock on market: -20.5%
12-month growth: -3.2%
About 14km north of the Darwin CBD, the suburb of Leanyer recorded an interesting trend in its dwelling stock movements, with housing supply dropping by more than half while that of units rose.
The number of apartments listed as of November 2017 reached 20, up from 11 in the previous year. Unfortunately, its negative growth trend has continued on, with values slipping by 3.2% to a median of $375,000.
Originally established as a military base and residential suburb, Leanyer is now home to several schools, including Leanyer Primary School and Good Shepherd Lutheran College. There are also excellent recreation spots in the suburb, including Casuarina Coastal Reserve, a beach, a nature park, a water park, a shopping hub and a social club.