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Gunn, NT 0832

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Gunn, NT 0832 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Gunn, NT 0832”

  1. The total adult population (15 years or older) of Gunn 0832 NT is 1,951, with a median age of 31. Of those, 43.31% are married, 12.46% are divorced or separated, 42.49% are single and 2.46% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,728. The median monthly mortgage repayment for households in this suburb is $1,950 which is 18.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of the Northern Territory, the suburb of GUNN 0832 is a residential haven housing an estimated 1033 households. As we delve into the third quarter of 2023, typical house prices in this comfortable community stand at $529,491. Tenants typically part with $595 as their weekly rent, steering the indicative yield towards a generous 5.84% – a figure that surely catches the attention of cashflow-centered property investors.

    While the yield sits comfortably above the desired 3% minimum, the IRSAD score within the region also paints a positive picture of the socio-economic status. Scoring 1035 out of a potential 1200, it indicates a favourable economic environment presented by this suburb, with majority of it’s residents tending towards higher income levels and skilled professions.

    However, the investments in the property market here should be made with some prudence. The renter to owner ratio stands at 40%, which is higher than the preferred 30% and lower than the high risk 45%, indicating a balanced mix of homeowners and rent-out properties. In the long term, this may result in a high competition among investors and can influence the neighbourhood appeal.

    The affordability index is highly favourable, as it would take 19 years to fully own a property in GUNN 0832, shorter than the benchmark 30-year mortgage, signalling the high affordability of this market. On the flip side, the 1.08% measure for stock on market percentage suggests a neutral level of supply, while inventory level at 2.36 indicates low supply, which could pose potential opportunities for investors.

    The suburb has no new building approvals in place, signalling absence of immediate increase in supply. An average ‘for sale’ listing persists 45 days in the market, placing the demand in a neutral range. Moreover, with a vacancy rate of 2.4%, there’s neither too high nor too low demand for properties here.

    Lastly, with a buy search index of 6, GUNN appears to be a region of interest with high demand among property buyers.

    Despite its mix of favourable and neutral statistics, GUNN’s property market provides an interesting landscape for prospective investors. It is always recommended to analyse these market dynamics alongside emerging trends in the market to make informed investment decisions. And remember, HtAG Analytics’ Relative Composite Score (RCS) can simplify this analysis by taking into account over 80 metrics to guide you towards profitable real estate investments.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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