Property value increases in Rosebery have tracked just higher than the NT average of 6.49% over the last 12 months.
Rosebery,0832 was ranked 1495 in Australia by increase in median property value over the quarter.
Rosebery, 0832 is offering NT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 1.10%, investors should hope to achieve an overall return of 5.04%
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 -4.37%
A -47.78% growth in median value for property investors in Rosebery,0832 puts this suburb at number 24th in terms of best performing suburbs in NT
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
Rosebery, 0832’s gross rental yield is 8.41%
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Rosebery, NT – Many houses in this family-friendly suburb
Postcode: 0832
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.