Bakewell, 0832 ranked 3rd in NT when comparing growth in median property values or capital gain over the last 12 months. Bakewell is one of 124 in our list for NT
When looking at the potential capital gains offered to property investors over the last 3 years, Bakewell comes in at number 2nd in NT.
Situated 16.91km from the CBD, Bakewell is one of Palmerston (C) localities in the postcode 0832.
Property investors who have had real estate in Bakewell, 0832 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.66%
If we look at median property appreciation over just the last three months, Bakewell has given property investors a paper return of 2.47%. This puts Suburb as 14 on a list of fastest fasting appreciating suburbs in NT
Situated 16.55km from the CBD, Bakewell is one of Palmerston (C) localities in the postcode 0832.
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Property stock drops
Median unit price: $264,000
Stock on market: -40.0%
12-month growth: -9.3%
A suburb of Palmerston’s inner city that is just about 3km from the CBD, Bakewell is home to several beautiful public parks, with the largest being situated on the border between Gunn in the north and Bakewell. It contains a playground and manmade ponds for kids to enjoy.
Buscall Avenue is Bakewell’s northern boundary, while Lambrick Avenue makes up the southern and eastern borders. Chung Wah Terrace sits to the west of the suburb.
The Bakewell market has not fared too well, with the Top End failing to stabilise the economy. However, the falling supply of property could help tighten things – the low median unit price of just over $250,000 could inspire some demand as apartment stock plummeted from 32 to 18 in the year to September 2018, contributing to the 40% overall stock in market decline.