At number 3943th in the list of Australian suburbs ordered by increase in median house value over the last year, Stuart Park, 0820 is in the BOTTOM 10% with a property value increase of -11.43% recorded in median house prices.
While Stuart Park,0820 ranked number 45th in NT for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.
Vendor discounting in Stuart Park is giving property investors an average Vendor Discount of around -14.81%. This puts suburb at number in NT when ranking the most discounted suburbs.
With the median price for a house in Stuart Park being $620000 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 4.78%
Giving property investors a a poor capital gain of -9.30% for the last year, Stuart Park, 0820 is the 1543th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Stuart Park has given property investors a paper return of 1.12%. This puts Suburb as 8 on a list of fastest fasting appreciating suburbs in NT
Sellers are offering property buyers an average discount of -10.59% to buyers in Stuart Park at the moment, which is less than average for the rest of NT.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.
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.