Driver has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.11% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Driver has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Driver should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Driver the average time real estate has been on the market is 117.84 days.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.19%, investors should hope to achieve an overall return of 5.54%
Driver is 5th on a list of best yielding suburbs for rents in NT with a 6.72% return