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 -3.87%.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Stuart Park, 0820. Typically our figures indicate that -10.38% is being offered, which puts this NT suburb at 302th most discounted overall in Australia.
With the median price for a house in Stuart Park being $720000 and the advertised rent reaching $555 the gross rental yield for property investors calculates out to be 4.01%
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 -8.21%.
Stuart Park,0820 was ranked 1574 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.84% offered to property buyers. Sellers in Stuart Park itself are offering an average vendor discount of -12.75% to real estate investors.
In the last year 61 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.
Renters in Suburb are facing rents around $5400 per annum or $450 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.