Suburb Profile Report for Stuart Park NT (0820)

Stuart Park House: Median price $735,000, Annual capital growth 3.52%, Number of sales 15, Weekly median advertised rent $565

Stuart Park Unit: Median price $485,000, Annual capital growth 6.36%, Number of sales 62, Weekly median advertised rent $475

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Stuart Park has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of -2.71% to date .

The five-year average increase in median property values for Stuart Park,0820 has given property investors a potential capital gain of 8.89% across each of those five years.

Property buyers and investors in Stuart Park 0820 should be seeing an average reduction in asking price of around -8.14% . This means that Stuart Park is holding prices well when compared to other suburbs in NT.

Stuart Park, 0820’s gross rental yield is 4.00%

Stuart Park is an average performer in NT when comparing median price capital growth over the last year. Stuart Park gave property investors a average capital gain figure when compared to the rest of the state, with -5.37%.

When looking at the potential capital gains offered to property investors over the last 3 years, Stuart Park comes in at number 10th in NT.

Our latest figures would indicate that property sellers in Stuart Park are currently offering property investors an average price cut of -12.75% below the asking price at the moment.

Stuart Park, 0820’s gross rental yield is 5.09%

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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. Full summary

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.

Close
HOUSE UNIT
$735,000 $485,000
7.14% -2.24%
-2.71% -5.37%
3.52% 6.36%
$565 $475
15 62
4.00% 5.09%
83.16 150.89

Source: CoreLogic

DSR Score for property investment : Poor (U), Below average (H)
Find a mortgage broker in Stuart Park NT
Demographics
Total population 3748
Median household income ($/weekly) 1866
Median age of persons 32
Median housing loan repayment ($/monthly) 2025
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 434 11.6
    25-34 years 966 25.8
    35-44 years 584 15.6
    45-54 years 530 14.1
    55-64 years 391 10.4
    Others 843 22.5
    Age Group
    Census Count Percent(%)
    Not Married 1338 49.0
    Registered Married 859 31.4
    Defacto Relationship 535 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2310 69.1
    Papua New Guinea 123 3.7
    Philippines 127 3.8
    United Kingdom 177 5.3
    Other 175 5.2
    Others 431 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 2.9
    Christianity 1859 58.8
    Hinduism 69 2.2
    Islam 49 1.5
    No Religion 1056 33.4
    Others 37 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 123 9.9
    $1,500-$1,999 184 14.8
    $2,000-$2,499 149 12.0
    $2,500-$2,999 167 13.5
    $3,000-$3,499 107 8.6
    Others 511 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1836 62.6
    Not in the labour force 475 16.2
    Employed, worked part-time 409 13.9
    Employed, away from work 149 5.1
    Unemployed, looking for work 64 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 327 13.6
    Professionals 584 24.4
    Technicians & trades workers 353 14.7
    Community & personal service workers 290 12.1
    Clerical & administrative workers 375 15.6
    Others 468 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.3
    Infants/Primary 165 25.4
    Secondary 122 18.8
    Technical or Further Educational Institution 67 10.3
    University or other Tertiary Institutions 216 33.3
    Others 38 5.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1080 32.8
    Semi-detached, row or terrace house, townhouse 823 25.0
    Flat, unit or apartment 1316 40.0
    Caravan, cabin, houseboat 42 1.3
    Improvised home, tent, sleepers out 25 0.8
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 793 57.0
    Being purchased 382 27.4
    Fully owned 209 15.0
    Other tenure type 8 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals