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 -9.66%
The five-year average increase in median property values for Rosebery,0832 has given property investors a potential capital gain of -21.71% across each of those five years.
Property buyers and investors in Rosebery 0832 should be seeing an average reduction in asking price of around -7.32% . This means that Rosebery is holding prices well when compared to other suburbs in NT.
In the last year 52 properties changed hands in Rosebery, which puts it as the 4th most active market in NT when comparing the number of sales per suburb.
Advertised rents are around the $490 mark per week – giving a return of 5.42% based on the median price in Suburb
With a capital gain of -23.43% for the last 12 months, Rosebery, 0832 has performed for property investments than its average annual -3.50% property growth over the last 5 years.
The NT suburb of Rosebery, 0832 is in the Palmerston (C) local government area.
Information supplied by:
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.