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.