If you compare the increase in value of investment property in Tiwi, 0810 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -5.50%.
Over the longer term, Tiwi has seen property prices show investors a -4.98% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Tiwi are currently offering property investors an average price cut of -8.21% below the asking price at the moment.
In the last year 25 properties changed hands in Tiwi, which puts it as the 23th most active market in NT when comparing the number of sales per suburb.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.85%, investors should hope to achieve an overall return of 5.55%
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.