Over the last year, property investments in Braitling, 0870 have given investors a capital gain of -4.44%. This compares badly with the -2.30% for NT as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Braitling has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Braitling are currently offering property investors an average price cut of -4.03% below the asking price at the moment.
Often selling an investment property can take time, and in Braitling the average time real estate has been on the market is 67.3636 days.
Advertised rents are around the $550 mark per week – giving a return of 6.65% based on the median price in Suburb
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Alice Springs suburb holds on to growth
Median house price: $450,000
Three-year growth: 5.0%
Rental yield: 6.4%
The suburb of Braitling is a breath of fresh air in the Top End’s struggling market, as it has held on to positive and consistent growth in the five years leading up to December 2017.
With an annual growth rate of 4.8%, house prices increased by 5.4% in the 12 months before December. Rental returns are very high at 6.4%, representing strong cash flow potential, and the median value for such properties is reasonable at $450,000.
With the town of Alice Springs just 4km away, Braitling residents are close to amenities like schools of all levels, including Charles Darwin University’s Alice Springs campus. Braitling is also an ideal suburb for those who work in the NT government, which has offices nearby.