At number 2766th in the list of Australian suburbs ordered by increase in median house value over the last year, Gillen, 0870 is in the BOTTOM 40% with a property value increase of -0.58% recorded in median house prices.
Gillen,0870 has offered an average of -0.58% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Gillen should be aiming for at least -3.18% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Gillen have been waiting around 103.75 days to sell a property.
The NT suburb of Gillen, 0870 is in the Alice Springs (T) local government area.
With a capital gain of -5.00% for the last 12 months, Gillen, 0870 has performed for property investments than its average annual 0.10% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gillen has fallen somewhat when compared to the 5 year average annual rate.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 7.12%, without taking into account capital value appreciation, which has been averaging out at 0.10%.