Investment property in Tiwi has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.50%
A 0.20% growth in median value for property investors in Tiwi,0810 puts this suburb at number 8th in terms of best performing suburbs in NT
Tiwi, 0810 is offering NT ‘s 24th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.
Residents and property investors in Tiwi have been waiting around 68.57 days to sell a property.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 5.72%, without taking into account capital value appreciation, which has been averaging out at 3.89%.
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.