Nhulunbuy is a remote mining town on the Gove Peninsula in Arnhem Land, NT, servicing the Rio Tinto bauxite mine and alumina refinery. An exceptionally high rental yield market driven by FIFO mining workers and remote-area government services with extremely limited housing supply. At the current $350k median house price, an 80% loan at 6.25% over 30 years is about $1,724 per month.
| Median house price | $350,000 |
|---|---|
| Median unit price | $220,000 |
| Estimated monthly repayment | $1,724 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 3% |
| Gross rental yield | 12% |
| Typical days on market | 90 |
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