Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $450,000, Annual capital growth 4.88%, Number of sales 73, Weekly median advertised rent $500

Gillen Unit: Median price $301,500, Annual capital growth 4.82%, Number of sales 25, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Gillen, 0870 ranked 27th in NT when comparing growth in median property values or capital gain over the last 12 months. Gillen is one of 124 in our list for NT

Across a shorter period, Gillen, 0870 has seen a median price increase of -4.64% over the last quarter.

Our latest figures would indicate that property sellers in Gillen are currently offering property investors an average price cut of -2.35% below the asking price at the moment.

At number 3644 in a list of fastest selling suburbs, Gillen is in the bottom 20% of suburbs in Australia with an average of days on market 118.27 for properties listed there.

A $510 per week rent on the median house gives suburb investors a gross yield of circa 6.08%, without taking into account capital value appreciation, which has been averaging out at 4.56%.

At number 1273th in the list of Australian suburbs ordered by increase in median house value over the last year, Gillen, 0870 is in the BOTTOM 30% with a property value increase of -6.37% recorded in median house prices.

Gillen,0870 has offered an average of -6.37% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Gillen is offering property investors an average of -10.98. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in NT

Metrics i HOUSE UNIT
$450,000 $301,500
2.86% 0.00%
-2.39% 0.17%
4.88% 4.82%
$500 $380
73 25
5.78% 6.55%
106.86364 125.333336

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4417
Median household income ($/weekly) 1707
Median age of persons 32
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 661 15.0
    25-34 years 723 16.4
    35-44 years 725 16.4
    45-54 years 641 14.5
    55-64 years 422 9.6
    Others 1245 28.2
    Age Group
    Census Count Percent(%)
    Not Married 1233 42.2
    Registered Married 1170 40.0
    Defacto Relationship 519 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2970 73.3
    Papua New Guinea 133 3.3
    United Kingdom 162 4.0
    United States of America 178 4.4
    Other 189 4.7
    Others 422 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.7
    Christianity 2576 66.9
    Hinduism 49 1.3
    Other Religious Groups 36 0.9
    No Religion 1099 28.5
    Others 26 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 9.0
    $1,250-$1,499 124 9.8
    $1,500-$1,999 203 16.1
    $2,000-$2,499 209 16.6
    $2,500-$2,999 136 10.8
    Others 474 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1730 55.7
    Not in the labour force 655 21.1
    Employed, worked part-time 472 15.2
    Employed, away from work 163 5.2
    Unemployed, looking for work 86 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 218 9.2
    Professionals 560 23.7
    Technicians & trades workers 370 15.7
    Community & personal service workers 333 14.1
    Clerical & administrative workers 396 16.8
    Others 481 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 76 7.6
    Infants/Primary 392 39.1
    Secondary 273 27.2
    Technical or Further Educational Institution 77 7.7
    University or other Tertiary Institutions 144 14.4
    Others 41 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3024 76.1
    Flat, unit or apartment 506 12.7
    Semi-detached, row or terrace house, townhouse 443 11.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 613 42.8
    Rented 611 42.7
    Fully owned 192 13.4
    Other tenure type 15 1.0
    Tenure Type
Census 2011, ABS
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