Araluen is in the TOP 30% in NT when comparing median price capital growth over the last year. Araluen gave property investors a good capital gain figure when compared to the rest of the state, with -0.25%.
If we look at median property appreciation over just the last three months, Araluen has given property investors a paper return of -1.65%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in NT
Our latest figures would indicate that property sellers in Araluen are currently offering property investors an average price cut of -5.25% below the asking price at the moment.
Araluen is 11th on a list of best yielding suburbs for rents in NT with a 6.21% return
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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.