FOR SALE
From $225,000

37/15 Fairweather Crescent
Coolalinga NT 0839

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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9%+ GROSS YIELD OR PERFECT FIRST HOME

Real Estate Central Projects are pleased to present to the market a selection of modern apartments at 15 Fairweather Crescent, Coolalinga, NT. A Variety of Modern Apartments appealing to owner occupiers and investors.
The key attributes of this opportunity are as follows:
Assortment of one and two bedroom apartments
A mixture of vacant apartments and leased investments
Several units are leased with the Chief Executive Officer (Housing) until May 2025
Gross rental returns range from $520 a week (2 bed units) to $390 a week (1 bed units)
This equates to $20,280 to $27,040 per annum on leased units
Approximately 9% gross rental yield
Approximately six years old
Potential depreciation benefits
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Property Details for 37/15 Fairweather Cres, Coolalinga

37/15 Fairweather Cres, Coolalinga is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Real Estate Central.

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About Coolalinga 0839

The size of Coolalinga is approximately 1.1 square kilometres. It has 1 park. The population of Coolalinga in 2011 was 2,042 people. By 2016 the population was 534 showing a population decline of 73.8% in the area during that time. The predominant age group in Coolalinga is 20-29 years. Households in Coolalinga are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolalinga work in a trades occupation. In 2011, 79% of the homes in Coolalinga were owner-occupied compared with 26.9% in 2016.

Coolalinga has 324 properties. Over the last 5 years, Houses in Coolalinga have seen a -0.88% decrease in median value, while Units have seen a 13.74% increase. As at 31 October 2024:

  • The median value for Houses in Coolalinga is $506,361 while the median value for Units is $305,716.
  • Houses have a median rent of $322 while Units have a median rent of $460.
There are currently 8 properties listed for sale, and no properties listed for rent in Coolalinga on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Coolalinga.

Suburb Insights for Coolalinga 0839

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Daniel Harris
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.