Property investors who have had real estate in Nightcliff, 0810 should be ok with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.57%
While Nightcliff,0810 ranked number 9th in NT for increase in median house value (annualised) increase, it is ranked 9th over the last 5 years.
Vendor discounting in Nightcliff is giving property investors an average Vendor Discount of around -7.97%. This puts suburb at number 17th in NT when ranking the most discounted suburbs.
Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of -8.98%. This compares averagely with the -2.49% for NT as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nightcliff has increased when compared to the 5 year average annual rate.
Property buyers and investors in Nightcliff 0810 should be seeing an average reduction in asking price of around -13.07% . This means that Nightcliff is holding prices well when compared to other suburbs in NT.
Property investors should expect to get $350 weekly from the median priced house in this 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.