Nightcliff, 0810 ranked 2nd in NT when comparing growth in median property values or capital gain over the last 12 months. Nightcliff is one of 124 in our list for NT
Across a shorter period, Nightcliff, 0810 has seen a median price increase of 2.00% over the last quarter.
Property buyers and investors in Nightcliff 0810 should be seeing an average reduction in asking price of around -7.97% . This means that Nightcliff is holding prices well when compared to other suburbs in NT.
Property value increases in Nightcliff have tracked just lower than the NT average of -0.95% over the last 12 months.
Nightcliff,0810 was ranked 1197 in Australia by increase in median property value over the quarter.
Vendor discounting in Nightcliff is giving property investors an average Vendor Discount of around -13.15%. This puts suburb at number 2nd in NT when ranking the most discounted suburbs.
Advertised rents are around the $350 mark per week – giving a return of 3.96% based on the median price in Suburb
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.