If you compare the increase in value of investment property in Stuart Park, 0820 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -5.41%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Stuart Park has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -10.38% to buyers in Stuart Park at the moment, which is less than average for the rest of NT.
Often selling an investment property can take time, and in Stuart Park the average time real estate has been on the market is 124.26 days.
With the median price for a house in Stuart Park being $700000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 4.46%
NT has seen average median house prices change by -2.49% which means that Stuart Park, 0820 has not done well for property investors by showing a capital gain of -14.01% over the last year
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -14.01% over the period. This ranks it number 1576th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -13.86% to buyers in Stuart Park at the moment, which is less than average for the rest of NT.
Stuart Park, 0820’s gross rental yield is 5.26%
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.