At number 2649th in the list of Australian suburbs ordered by increase in median house value over the last year, Nightcliff, 0810 is in the BOTTOM 40% with a property value increase of 2.56% recorded in median house prices.
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Nightcliff, 0810’s gross rental yield is 4.45%
Property investors who have had real estate in Nightcliff, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.22%
While Nightcliff,0810 ranked number 7th in NT for increase in median house value (annualised) increase, it is ranked 1st over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.64% offered to property buyers. Sellers in Nightcliff itself are offering an average vendor discount of -12.98% to real estate investors.
On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.
Situated 8.31km 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.