Araluen has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of 1.75% to date .
The five-year average increase in median property values for Araluen,0870 has given property investors a potential capital gain of -4.17% across each of those five years.
Vendor discounting in Araluen is giving property investors an average Vendor Discount of around -4.34%. This puts suburb at number 23th in NT when ranking the most discounted suburbs.
The NT suburb of Araluen, 0870 is in the Alice Springs (T) local government area.
Araluen is an average performer in NT when comparing median price capital growth over the last year. Araluen gave property investors a average capital gain figure when compared to the rest of the state, with -15.09%.
Comparing Araluen,0870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
In the last year 12 properties changed hands in Araluen, which puts it as the 20th most active market in NT when comparing the number of sales per suburb.
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Rural suburb gets a boost
Median house price: $492,505
Three-year growth: -8.0%
Rental yield: 5.9%
Araluen is a rural suburb situated at least half a day’s drive, or a two-hour flight, south of Darwin, in Alice Springs. Named after the Aboriginal word for ‘place of waterlilies’, Araluen is not exactly within commuting distance of the Darwin CBD, however it is close to the Alice Springs Golf Club, the Reptile Centre, ANZAC Hill and Olive Pink Botanic Garden.
The median house price is $555,000, and the yearly growth rate is nearly 10%. Though Alice Springs is generally considered to offer little more than dust and desert, Araluen is close to West MacDonnell National Park, Finke George National Park and Owen Springs Reserve. It is home to around 3,000 people and roughly 75% of local housing stock is freestanding dwellings.