At number 2091th in the list of Australian suburbs ordered by increase in median house value over the last year, Gillen, 0870 is in the BOTTOM 50% with a property value increase of 7.11% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Gillen,0870 has racked up an average of 7.11% over the period. This ranks it number 3339th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 5.97%, without taking into account capital value appreciation, which has been averaging out at 5.14%.
Property investors who have had real estate in Gillen, 0870 should be relatively pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.33%
Across a shorter period, Gillen, 0870 has seen a median price increase of 1.26% over the last quarter.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.