Average price trends
459,000
Feb
420,000
Mar
475,000
Apr
What are the property taxes in Alice Springs and are there any other ongoing costs I should consider?
In Alice Springs, property owners pay Council rates determined by land valuation, averaging around $ 2,000 AUD to $ 3,000 AUD annually. Additionally, consider the Northern Territory's annual water and sewerage rates, typically above $ 1,200 AUD, along with building insurance and, for investors, potential land tax. Explore rates and fees at nt.gov.au. Always check for updated figures and regulations.
What types of upfront costs and fees will I have to pay when purchasing a property in Alice Springs?
When purchasing a property in Alice Springs, upfront costs include stamp duty, ranging approximately from $ 8,900 AUD to $ 15,700 AUD depending on the property value. Inspection fees can cost around $ 200 AUD to $600, while legal fees may vary from $ 1,000 AUD to $3,000. You should also consider loan application fees, which can be around $ 150 AUD to $600. Please verify these costs as they can vary.
How does the Alice Springs property market compare to ther regions in the Australia?
The property market in Alice Springs, with an average house price of $ 550,000 AUD, offers more affordable options compared to Sydney's average of $1,410,133 AUD and Melbourne's $ 929,769 AUD. Alice Springs presents a lower entry point for buyers, despite the general upward trend in Australian real estate prices.
How competitive is the Alice Springs property market?
The Alice Springs property market is competitive, with rising demand. As of the latest data, the median house price in Alice Springs reached approximately $ 550,000 AUD, reflecting a notable market activity in this area of Northern Territory, Australia. Properties are quickly sold, often within weeks, showcasing a robust local real estate market.
