Suburb Profile Report for Gillen NT (0870)

Gillen House: Median price $435,000, Annual capital growth 2.69%, Number of sales 73, Weekly median advertised rent $500

Gillen Unit: Median price $253,000, Annual capital growth 1.00%, Number of sales 19, Weekly median advertised rent $380

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Gillen has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.29%

While Gillen,0870 ranked number 10th in NT for increase in median house value (annualised) increase, it is ranked 6th over the last 5 years.

Sellers are offering property buyers an average discount of -5.01% to buyers in Gillen at the moment, which is less than average for the rest of NT.

Residents and property investors in Gillen have been waiting around 118.204 days to sell a property.

Gillen is 13th on a list of best yielding suburbs for rents in NT with a 5.98% return

Property value increases in Gillen have tracked close to the NT average of -8.84% over the last 12 months.

Gillen,0870 was ranked 1528 in Australia by increase in median property value over the quarter.

Often selling an investment property can take time, and in Gillen the average time real estate has been on the market is 121.091 days.

Advertised rents are around the $380 mark per week – giving a return of 7.81% based on the median price in Suburb

Metrics i HOUSE UNIT
$435,000 $253,000
1.16% -16.78%
-0.29% -16.09%
2.69% 1.00%
$500 $380
73 19
5.98% 7.81%
118.204081632653 121.090909090909

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (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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