Property value increases in Rosebery have tracked lower than the NT average of -0.91% over the last 12 months.
Rosebery,0832 has offered an average of -12.77% return per annum in house price rises to property investors over the last three years.
At number 19th of NT’s most discounted properties, Rosebery is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 51 properties changed hands in Rosebery, which puts it as the 4th most active market in NT when comparing the number of sales per suburb.
With the median price for a house in Rosebery being $452500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 5.63%
Property investors who have had real estate in Rosebery, 0832 should be pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.29%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rosebery has fallen somewhat when compared to the 5 year average annual rate.
Situated 16.87km from the CBD, Rosebery is one of NULL localities in the postcode 0832.
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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.