With a capital gain of -12.86% for the last 12 months, Nightcliff, 0810 has performed for property investments than its average annual 4.79% property growth over the last 5 years.
Over the longer term, Nightcliff has seen property prices show investors a -0.41% return over the last 3 years. This is worse than over the last 12 months
Nightcliff0810 is located in NT which offers an average discount of -7.65% to property investors. Nightcliff itself is showing figures that indicate -7.09% is the average achievable by property buyers investing in the suburb.
Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of -10.13%. This compares badly with the -4.08% for NT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Nightcliff comes in at number 2nd in NT.
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -8.95. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in NT
Situated 8.40km from the CBD, Nightcliff is one of Darwin localities in the postcode 0810.
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.