Giving property investors a an average capital gain of 3.94% for the last year, Tiwi, 0810 is the 2222th highest performer in Australia in this respect.
Tiwi,0810 was ranked 871 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.49%, investors should hope to achieve an overall return of 5.13%
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.