Property value increases in Rosebery have tracked higher than the NT average of -3.17% over the last 12 months.
Rosebery,0832 has offered an average of 5.05% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Rosebery is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 23th in terms of most discounted suburbs in NT
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Situated 16.96km from the CBD, Rosebery is one of Palmerston (C) localities in the postcode 0832.
Giving property investors a a poor capital gain of -20.20% for the last year, Rosebery, 0832 is the 1588th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Rosebery comes in at number 15th in NT.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -10.98% offered to property buyers. Sellers in Rosebery itself are offering an average vendor discount of -18.75% to real estate investors.
In the last year 17 properties changed hands in Rosebery, which puts it as the 14th most active market in NT when comparing the number of sales per suburb.
Rosebery, 0832’s gross rental yield is 6.82%
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.