Property investors who have had real estate in Nightcliff, 0810 should be relatively unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.46%
Nightcliff,0810 has offered an average of 2.46% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.57% to buyers in Nightcliff at the moment, which is less than average for the rest of NT.
Nightcliff is an average performer in NT when comparing median price capital growth over the last year. Nightcliff gave property investors a average capital gain figure when compared to the rest of the state, with -3.79%.
If we look at median property appreciation over just the last three months, Nightcliff has given property investors a paper return of -0.76%. This puts Suburb as 11 on a list of fastest fasting appreciating suburbs in NT
Property buyers and investors in Nightcliff 0810 should be seeing an average reduction in asking price of around -13.85% . This means that Nightcliff is holding prices well when compared to other suburbs in NT.
At number 1462 in a list of fastest selling suburbs, Nightcliff is in the bottom 10% of suburbs in Australia with an average of days on market 166.5 for properties listed there.
Nightcliff, 0810’s gross rental yield is 3.96%
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.