Wagaman has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.44% to date .
The five-year average increase in median property values for Wagaman,0810 has given property investors a potential capital gain of -1.57% across each of those five years.
Sellers are offering property buyers an average discount of -6.71% to buyers in Wagaman at the moment, which is less than average for the rest of NT.
Wagaman is 32th on a list of best yielding suburbs for rents in NT with a 5.02% return
In line with the state’s decline, Wagaman has seen its prices falling over recent years.Full summary
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Just 14km north of Darwin lies the suburb of Wagaman. It is one of the northern suburbs of the capital.
In line with the state’s decline, Wagaman has seen its prices falling over recent years. In the previous year, negative growth of 5.4% was reported, pulling the median house value down to just over $530,000.
However, this may be a blessing in disguise as the decreased prices could spur investor investment, especially with Wagaman’s prime location and returns high at an average of 5.4%. Residents have access to a primary school, a local park and a shopping centre in town, while neighbouring Casuarina and its large shopping hub are within close proximity.Close