Property value increases in Nightcliff have tracked higher than the NT average of -4.64% over the last 12 months.
A 9.47% growth in median value for property investors in Nightcliff,0810 puts this suburb at number 4th in terms of best performing suburbs in NT
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -7.52. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in NT
Advertised rents are around the $650 mark per week – giving a return of 4.46% based on the median price in Suburb
At number 1608th in the list of Australian suburbs ordered by increase in median house value over the last year, Nightcliff, 0810 is in the BOTTOM 10% with a property value increase of -11.71% 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
Property buyers and investors in Nightcliff 0810 should be seeing an average reduction in asking price of around -13.09% . This means that Nightcliff is holding prices well when compared to other suburbs in NT.
At number 1478 in a list of fastest selling suburbs, Nightcliff is in the bottom 10% of suburbs in Australia with an average of days on market 165.38 for properties listed there.
The NT suburb of Nightcliff, 0810 is in the Darwin local government area.
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.