Tiwi has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -10.18% to date .
Property investors looking for a bargain in Tiwi should be aiming for at least -7.48% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $535 and the average annual increase in value of a median property of 4.02%, investors should hope to achieve an overall return of 5.48%
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.