Investment property in Nightcliff has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.21%
Over the longer term, Nightcliff has seen property prices show investors a 19.43% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Nightcliff are currently offering property investors an average price cut of -4.57% below the asking price at the moment.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Property value increases in Nightcliff have tracked close to the NT average of -1.93% over the last 12 months.
Nightcliff,0810 was ranked 1432 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -12.53% to buyers in Nightcliff at the moment, which is less than average for the rest of NT.
Residents and property investors in Nightcliff have been waiting around 184.1 days to sell a property.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
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.