Nightcliff, 0810 ranked 43th 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
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.
Vendor discounting in Nightcliff is giving property investors an average Vendor Discount of around -7.97%. This puts suburb at number 22th in NT when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
With the median price for a house in Nightcliff being $728500 and the advertised rent reaching $665 the gross rental yield for property investors calculates out to be 4.75%
Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of 5.22%. This compares very favourably with the -3.70% for NT as a whole.
Across a shorter period, Nightcliff, 0810 has seen a median price increase of -1.60% over the last quarter.
The most recent median price for Nightcliff is $473500, with sellers offering an average of -14.31% off the asking price.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Nightcliff is 26th on a list of best yielding suburbs for rents in NT with a 3.95% return
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.