All About Gillen, Alice Springs, NT, 0870

The housing market in Gillen, a suburb of Alice Springs in the Northern Territory, reflects a dynamic blend of traditional outback charm and the evolving needs of modern residents. Gillen typically offers a mixture of housing types, including classic mid-century homes and more contemporary builds. The suburb's real estate market has experienced fluctuations consistent with regional economic factors, such as shifts in tourism, government initiatives, and the impact of the mining industry in the broader Northern Territory. As of the latest reports, housing prices in Gillen present relatively affordable options compared to major Australian cities, making it attractive for both first-time buyers and investors. The market's moderate affordability, combined with its location near central Alice Springs, makes it a desirable location for families, professionals, and retirees who appreciate a balance of lifestyle and accessibility.

Living in Gillen offers residents a unique blend of urban convenience and proximity to the stunning natural beauty of the Australian outback. The suburb is well serviced by local amenities, including schools, parks, and shopping centers, which emphasize community engagement and family-friendly living. Residents enjoy a relatively tranquil lifestyle, complemented by the area's natural landscapes and outdoor recreational opportunities. With the MacDonnell Ranges looming nearby, residents often partake in activities such as hiking, cycling, and exploring the local terrain. The sense of community in Gillen is strong, with local events and markets fostering a friendly and inclusive atmosphere. Overall, Gillen offers a laid-back lifestyle that appeals to those seeking to balance work and leisure amidst the unique environmental and cultural backdrop of Alice Springs.

Gillen Real Estate Market Outlook

Thinking about buying in Gillen? Now could not be a better time, with 2128 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $553,000 with prices in this suburb ranging from $160,000 to $1,788,000. The aproximate distance to the coast is 896 Km.

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.

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General Points of Interest

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