Gillen is in the TOP 20% in NT when comparing median price capital growth over the last year. Gillen gave property investors a very good capital gain figure when compared to the rest of the state, with 5.82%.
When looking at the potential capital gains offered to property investors over the last 3 years, Gillen comes in at number 12th in NT.
Gillen, 0870 is offering NT ‘s 39th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NT.
With the median price for a house in Gillen being $449750 and the advertised rent reaching $535 the gross rental yield for property investors calculates out to be 6.19%
If you compare the increase in value of investment property in Gillen, 0870 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -3.22%.
While Gillen,0870 ranked number 8th in NT for increase in median house value (annualised) increase, it is ranked 2nd over the last 5 years.
The most recent median price for Gillen is $307750, with sellers offering an average of -9.27% off the asking price.
Often selling an investment property can take time, and in Gillen the average time real estate has been on the market is 160.5 days.
Gillen, 0870’s gross rental yield is 6.76%