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Investment Property Bakewell, NT, 0832

Suburb Snapshot

Bakewell is a suburb in the Palmerston Region of Northern Territory. Bakewell has a population of 3,070 people and 35.32% of its occupants live in rental accommodation. The median listing price for houses is $497,000 and this has changed 1.63% over the past year and changed 1.63% over 2 years.

The median rent in Bakewell for houses is $580 per week and the median rental yield is 6.06%. Stock on the market for houses/townhouses has changed -73.33% compared to last year and the average time to sell a house/townhouse is 78 days.The median listing price for units is $310,000 and this has changed 6.89% over the past year. The average unit takes 132 days to sell and the median rent for a unit in Bakewell is $450 per week, producing a rental yield of 7.54%.

Supply & Demand in Bakewell, Palmerston

0.98%

Current vacancy rate


13

Rental stock available


3,070

Population


35.32%

Rental population


1.23%

Current vacancy rate


193

Rental stock available


33,788

Population


40.81%

Rental population


0.59%

Current vacancy rate


610

Rental stock available


228,837

Population


38.00%

Rental population


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Statistical data for Bakewell, Palmerston

  House Townhouses Units
Median listing price $497,000 NA $310,000
Median price change - last quarter 0.00% NA 1.98%
Median price change - 1 year 1.63% NA 6.89%
Median price change - 2 years 1.63% NA 6.89%
  House Townhouses Units
Median weekly rent $580 NA $450
Median yield % 6.06% NA 7.54%
Median rent change - 1 year 5.45% NA 2.27%
  House Units
Previous month sales 4 2
Stock on market previous month 4 9
Stock variance vs. last year -73.33% -52.63%
Average days on market 78 132

Bakewell investment property listings

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