Real Estate Gillen, NT, 0870 Alice Springs

Thinking about buying in Gillen? Now could not be a better time, with a whopping 2128 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $553,000 with prices in this suburb ranging from $160,000 to $1,788,000.

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Gillen Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Gillen ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Gillen provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Gillen requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.