With a capital gain of 0.97% for the last 12 months, Rosebery, 0832 has performed for property investments than its average annual 11.01% property growth over the last 5 years.
The five-year average increase in median property values for Rosebery,0832 has given property investors a potential capital gain of 21.50% across each of those five years.
Sellers are offering property buyers an average discount of -9.83% to buyers in Rosebery at the moment, which is less than average for the rest of NT.
With a capital gain of -20.49% for the last 12 months, Rosebery, 0832 has performed for property investments than its average annual 0.03% property growth over the last 5 years.
Rosebery,0832 was ranked 1551 in Australia by increase in median property value over the quarter.
Vendor discounting in Rosebery is giving property investors an average Vendor Discount of around -18.75%. This puts suburb at number in NT when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Rosebery the average time real estate has been on the market is 161 days.
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
Information supplied by:
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.