With a capital gain of -16.52% for the last 12 months, Jingili, 0810 has performed for property investments than its average annual 2.12% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Jingili has given property investors a paper return of 0.52%. This puts Suburb as 8 on a list of fastest fasting appreciating suburbs in NT
At number 32th of NT’s most discounted properties, Jingili is in the TOP 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 5.96%, without taking into account capital value appreciation, which has been averaging out at 2.12%.
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.