Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $436,250, Annual capital growth 4.54%, Number of sales 68, Weekly median advertised rent $525

Gillen Unit: Median price $303,000, Annual capital growth 3.99%, Number of sales 21, Weekly median advertised rent $380

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

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 -2.62%.

Gillen,0870 was ranked 4111 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Gillen is offering property investors an average of -8.15. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in NT

In the last year 68 properties changed hands in Gillen, which puts it as the 3rd most active market in NT when comparing the number of sales per suburb.

Gillen has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of -5.46% to date .

Taking the average capital gain, or increase in median house value, Gillen,0870 has racked up an average of -5.46% over the period. This ranks it number 613th in the whole country for real estate investors looking at median house price increases.

Gillen, 0870 is offering NT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.

In the last year 21 properties changed hands in Gillen, which puts it as the 12th most active market in NT when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$436,250 $303,000
-5.27% 2.71%
-2.62% -5.46%
4.54% 3.99%
$525 $380
68 21
6.26% 6.52%
115.3 117.33

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

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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