Giving property investors a an average capital gain of -2.20% for the last year, Araluen, 0870 is the 2225th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Araluen has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Araluen 0870 should be seeing an average reduction in asking price of around -4.71% . This means that Araluen is holding prices well when compared to other suburbs in NT.
If you compare the increase in value of investment property in Araluen, 0870 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NT suburb was 16.51%.
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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.