Investment property in Stuart Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.73%
Stuart Park,0820 has offered an average of -0.73% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Stuart Park are currently offering property investors an average price cut of -6.56% below the asking price at the moment.
In the last year 13 properties changed hands in Stuart Park, which puts it as the 45th most active market in NT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6780 per annum or $565 every week.
Stuart Park, 0820 ranked 15th 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
Over the longer term, Stuart Park has seen property prices show investors a -3.34% return over the last 3 years. This is worse than over the last 12 months
At number 3rd 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.
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.