If you compare the increase in value of investment property in Rosebery, 0832 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -12.61%.
When looking at the potential capital gains offered to property investors over the last 3 years, Rosebery comes in at number 34th in NT.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rosebery, 0832. Typically our figures indicate that -7.38% is being offered, which puts this NT suburb at 835th most discounted overall in Australia.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 15.26%, investors should hope to achieve an overall return of 5.69%
With a capital gain of -29.75% for the last 12 months, Rosebery, 0832 has performed for property investments than its average annual 0.46% property growth over the last 5 years.
Situated 16.99km from the CBD, Rosebery is one of Palmerston localities in the postcode 0832.
For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.Full summary
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For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.
“These are strong rental markets because they are family areas, which tend to attract long-term renters, while local defence force personnel, who operate from the nearby Robertson Barracks, also underpin the rental market,” he says, adding that Palmerston (and Darwin’s) rents are expected to ramp up this year.
“We haven’t seen an increase in median rents in quite a while, but we expect to see some significant hikes in 2012,” he says. “So now is a good time for investors to get their skates on.”
A scan of Rosebery’s listings on realestate.com.au reveals that single-storey, three-bedroom, brick houses are on the market for around the $480,000 mark, with their marketing campaigns often being targeted towards investors. Page visits for recent listings in Rosebery number in the low to mid hundreds.
The unemployment rate in the local SLA was measured at 1.5% according to ABS 2010 figures. Meanwhile, SLA population growth between June 2009 and June 2010 was an impressive 11.5%. Building approvals for houses dropped off from 181 to 123 during the same period, while unit approvals jumped from 216 to 254.
Rosebery is around a 30-minute drive from the Darwin CBD, along the Stuart Highway, while the bulk of the nearby shopping and amenities are 3km north in the Palmerston Shopping Centre.