Nightcliff, 0810 ranked 46th 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.
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -7.55. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in NT
At number 3356 in a list of fastest selling suburbs, Nightcliff is in the bottom 20% of suburbs in Australia with an average of days on market 129.92 for properties listed there.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.
Property value increases in Nightcliff have tracked close to the NT average of -3.63% over the last 12 months.
A 22.85% growth in median value for property investors in Nightcliff,0810 puts this suburb at number 19th in terms of best performing suburbs in NT
Nightcliff, 0810 is offering NT ‘s most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NT.
With the median price for a house in Nightcliff being $465000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.91%
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.