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