Bakewell is in the bottom 10% in NT when comparing median price capital growth over the last year. Bakewell gave property investors a dismal capital gain figure when compared to the rest of the state, with -20.67%.
The five-year average increase in median property values for Bakewell,0832 has given property investors a potential capital gain of -31.60% across each of those five years.
Property buyers and investors in Bakewell 0832 should be seeing an average reduction in asking price of around -8.99% . This means that Bakewell is holding prices well when compared to other suburbs in NT.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of -0.30%, investors should hope to achieve an overall return of 6.59%
Bakewell, 0832 ranked 11th 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
Taking the average capital gain, or increase in median house value, Bakewell,0832 has racked up an average of -14.81% over the period. This ranks it number 1714th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.46% offered to property buyers. Sellers in Bakewell itself are offering an average vendor discount of -6.57% to real estate investors.
Advertised rents are around the $340 mark per week – giving a return of 7.69% based on the median price in Suburb
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 enjoyFull summary
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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.Close