Investment property in Rosebery has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.03%
Taking the average capital gain, or increase in median house value, Rosebery,0832 has racked up an average of -1.03% over the period. This ranks it number 3410th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Rosebery is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in NT
Situated 16.91km from the CBD, Rosebery is one of Palmerston (C) localities in the postcode 0832.
Comparing Rosebery,0832 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 2.54%, investors should hope to achieve an overall return of 7.97%
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Rosebery, NT – Many houses in this family-friendly suburb
Median house price: $470,000
Stock on market: 6.6%
12-month growth: -9.6%
Situated in the outer ring of Palmerston’s south, the suburb of Rosebery was named for Archibald Philip Primrose, who was the Fifth Earl of Rosebery and went on become the UK’s Prime Minister in the early 1900s. While unit stock fell, the number of houses on the market increased sharply.
It is favoured as a good place to raise a family, given the presence of educational institutions like Rosebery Primary School and Palmerston College’s 7-9 campus. The Palmerston CBD is around 3km away, bringing Rosebery residents within easy reach of amenities like the Palmerston Shopping Centre, supermarkets and the Palmerston campus of Charles Darwin University.