Giving property investors a a poor capital gain of -13.21% for the last year, Stuart Park, 0820 is the 3934th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -13.21% over the period. This ranks it number 3863th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 3.17%, investors should hope to achieve an overall return of 4.38%
Stuart Park, 0820 ranked 17th in NT when comparing growth in median property values or capital gain over the last 12 months. Stuart Park is one of 124 in our list for NT
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -4.99% over the period. This ranks it number 1352th in the whole country for real estate investors looking at median house price increases.
At number 4th of NT’s most discounted properties, Stuart Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 76 properties changed hands in Stuart Park, which puts it as the 3rd most active market in NT when comparing the number of sales per suburb.
Advertised rents are around the $470 mark per week – giving a return of 4.89% based on the median price in Suburb
Stuart Park is just a short walk north of the Darwin CBD, and is one of our top picks for the Northern Territory. Full summary
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Stuart Park is just a short walk north of the Darwin CBD, and is one of our top picks for the Northern Territory.
It’s within easy access of the amenities of the city centre, and just a short drive or bus ride to the airport. Amenities are limited to a few shops in a small shopping centre on the Stuart Highway, but the amenities of the CBD are within easy reach.
Units are quite affordable compared to The Gardens, for example. Rental yields are also excellent, as you’d expect from a Darwin suburb. Cash flow positive purchases are very possible, too. Locals recommend Duke Street and Tipperary Crescent for water views.
Stuart Park has shown impressive capital growth in the past. Darwin market is proving volatile at present – not least due to affordability issues. Investors would be well advised to invest for rental yield in the short term, and treat any capital growth as a bonus in the short term.