At number 4111th in the list of Australian suburbs ordered by increase in median house value over the last year, Jingili, 0810 is in the BOTTOM 10% with a property value increase of -20.42% recorded in median house prices.
Jingili,0810 has offered an average of -20.42% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Jingili is giving property investors an average Vendor Discount of around -6.53%. This puts suburb at number 29th in NT when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Jingili the average time real estate has been on the market is 90.38 days.
Advertised rents are around the $550 mark per week – giving a return of 5.99% based on the median price in Suburb
A neighbourhood that endeavours to demonstrate Darwin’s ‘live, work and play’ motto, the suburb of Jingili has an abundance of community facilities and recreational services.Full summary
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A neighbourhood that endeavours todemonstrate Darwin’s ‘live, work and play’ motto, the suburb of Jingili has an abundance of community facilities and recreational services.Close
Its growth in recent years indicates its popularity with buyers, who are attracted to the large lot sizes and Jingili’s proximity to Darwin, the airport, the university and beaches.
Situated 12km north of the capital city, which is an easy commute via the Orbital Link express bus routes, Jingili is a hotspot for workers seeking to upgrade to larger homes, or migrating from eastern states. Casuarina Square, the largest shopping centre in the NT, is a drawcard mere streets from Jingili, luring buyers to the older northern suburbs and away from the newer southern neighbourhoods of Palmerston.
Darwin’s mining industry has caused a boom in housing demand in recent years, although the past 12 months have seen values stall.
Buyers have taken advantage of the plateau in prices, with Jingili recording its highest number of transactions in the same time period.
The NT’s generous first home buyer grants are attracting young buyers into the housing market, and Jingili’s family-sized detached homes are relatively affordable at a median price of $590,000.