Gunn is an average performer in NT when comparing median price capital growth over the last year. Gunn gave property investors a average capital gain figure when compared to the rest of the state, with -3.09%.
Taking the average capital gain, or increase in median house value, Gunn,0832 has racked up an average of -3.09% over the period. This ranks it number 3987th in the whole country for real estate investors looking at median house price increases.
Situated 16.72km from the CBD, Gunn is one of Palmerston localities in the postcode 0832.
A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets.Full summary
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Palmerston suburb works to avoid excess supply
Median house price: $479,000
Stock on market: -17.80%
12-month growth: -18.47%
Boasting family homes with big backyards, this popular inner suburb of Palmerston – a satellite city located around 30 minutes’ drive (or 23km) from Darwin – is growing in popularity.
A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets. These types of properties will readily return a yield of 5%-plus, where families are keen to live within close proximity to the local schools and the Palmerston CBD, which is a 10-minute drive.
In response to the Northern Territory’s downward slide, Gunn is aiming to minimise expenditures and avoid oversupply by limiting the number of properties on the market. Thus, stock fell by almost 18% in the past 12 months.