Suburb Profile Report for Nightcliff NT (0810)

Nightcliff House: Median price $728,500, Annual capital growth 4.74%, Number of sales 22, Weekly median advertised rent $665

Nightcliff Unit: Median price $473,500, Annual capital growth 10.88%, Number of sales 64, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: CoreLogic

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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

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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 (median unit price: $379,500) and Coconut Grove (median unit price: $407,500), with comparable rents.Full summary

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.

Close
HOUSE UNIT
$728,500 $473,500
-0.48% -1.60%
-13.27% 5.22%
4.74% 10.88%
$665 $360
22 64
4.75% 3.95%
129.35 131.31

Source: CoreLogic

DSR Score for property investment : Balanced (H), Poor (U)
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Demographics
Total population 3654
Median household income ($/weekly) 1661
Median age of persons 37
Median housing loan repayment ($/monthly) 2063
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 405 11.1
    25-34 years 667 18.3
    35-44 years 605 16.6
    45-54 years 600 16.4
    55-64 years 478 13.1
    Others 899 24.6
    Age Group
    Census Count Percent(%)
    Not Married 1151 45.2
    Registered Married 1010 39.7
    Defacto Relationship 383 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2151 66.5
    Papua New Guinea 85 2.6
    Philippines 159 4.9
    United Kingdom 164 5.1
    Other 218 6.7
    Others 458 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 101 3.3
    Christianity 1785 58.5
    Hinduism 93 3.0
    Islam 60 2.0
    No Religion 960 31.5
    Others 52 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 103 8.7
    $1,500-$1,999 158 13.4
    $2,000-$2,499 126 10.7
    $2,500-$2,999 112 9.5
    $4,000 or more 98 8.3
    Others 582 49.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1451 54.0
    Not in the labour force 573 21.3
    Employed, worked part-time 436 16.2
    Employed, away from work 138 5.1
    Unemployed, looking for work 90 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 253 12.5
    Professionals 632 31.2
    Technicians & trades workers 250 12.3
    Community & personal service workers 203 10.0
    Clerical & administrative workers 293 14.5
    Others 396 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 40 5.2
    Infants/Primary 228 29.5
    Secondary 203 26.2
    Technical or Further Educational Institution 52 6.7
    University or other Tertiary Institutions 217 28.0
    Others 34 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1720 52.8
    Flat, unit or apartment 937 28.8
    Semi-detached, row or terrace house, townhouse 588 18.0
    Improvised home, tent, sleepers out 11 0.3
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 683 52.0
    Being purchased 345 26.3
    Fully owned 282 21.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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