Giving property investors a a poor capital gain of -18.30% for the last year, Jingili, 0810 is the 4051th highest performer in Australia in this respect.
While Jingili,0810 ranked number 11th in NT for increase in median house value (annualised) increase, it is ranked 31th over the last 5 years.
Property buyers and investors in Jingili 0810 should be seeing an average reduction in asking price of around -6.49% . This means that Jingili is holding prices well when compared to other suburbs in NT.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 2.07%, investors should hope to achieve an overall return of 5.96%
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.