Over the last year, property investments in Tiwi, 0810 have given investors a capital gain of 0.48%. This compares favourably with the -4.85% for NT as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tiwi has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Tiwi is offering property investors an average of -7.51. This rate of discount on properties puts Suburb at number 20th in terms of most discounted suburbs in NT
In the last year 19 properties changed hands in Tiwi, which puts it as the 34th most active market in NT when comparing the number of sales per suburb.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 4.24%, investors should hope to achieve an overall return of 4.95%
Home to the Royal Darwin Hospital, Tiwi is 11km north of the Darwin CBD and adjacent to the Dripstone Park coastal reserve.Full summary
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Home to the Royal Darwin Hospital, Tiwi is 11km north of the Darwin CBD and adjacent to the Dripstone Park coastal reserve.
The Charles Darwin University is close by in Brinkin, and a sizeable shopping centre is in nearby Casuarina. Like the rest of northern Darwin, the only public transport options to the CBD are via bus.
Seventy-one per cent of properties in the suburb are separate houses, and median prices compare favourably to nearby Rapid Creek, and Nakara.
Land parcels are quite large within Tiwi, with many houses often residing on 800m2 or more. This suggests subdivision or development potential.