With a capital gain of -12.31% for the last 12 months, Nightcliff, 0810 has performed for property investments than its average annual 5.54% property growth over the last 5 years.
While Nightcliff,0810 ranked number 1st in NT for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -7.59. This rate of discount on properties puts Suburb at number 31th in terms of most discounted suburbs in NT
At number 3116 in a list of fastest selling suburbs, Nightcliff is in the bottom 20% of suburbs in Australia with an average of days on market 118.5 for properties listed there.
Advertised rents are around the $650 mark per week – giving a return of 4.56% based on the median price in Suburb
NT has seen average median house prices change by -4.15% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of 5.76% over the last year
Nightcliff,0810 was ranked 1487 in Australia by increase in median property value over the quarter.
Nightcliff, 0810 is offering NT ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NT.
Often selling an investment property can take time, and in Nightcliff the average time real estate has been on the market is 136.76 days.
Nightcliff, 0810’s gross rental yield is 3.89%
Nightcliff is situated 8km north of the Darwin CBD, on the shores of the Beagle Gulf. Despite its coastal location, it’s more affordable than neighbours Rapid Creek (median unit price: $379,500) and Coconut Grove (median unit price: $407,500), with comparable rents.Full summary
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Nightcliff is situated 8km north of the Darwin CBD, on the shores of the Beagle Gulf. Despite its coastal location, it’s more affordable than neighbours Rapid Creek and Coconut Grove, with comparable rents.
Like the rest of Darwin, access to the CBD is by road, and the only public transport option is the bus. Nightcliff has a decent level of amenity, however, with cafes and shops – including a supermarket – located around the junction of Progress Drive and Dick Ward Drive.
There are several schools in and around the suburb, and the Royal Darwin Hospital is 5km north. There is a footpath along the foreshore, primarily used for walking or cycling, a public swimming pool on the beach and food market on Sundays.
It’s largely a family suburb, with around half of residents being married. At $1,602pw, average weekly incomes are comfortably above the NT average too. Twenty-seven per cent of properties are rented.
This is a suburb whose relative affordability should see the suburb continue to perform in the long term.