Suburb Profile Report for Stuart Park NT (0820)

Stuart Park House: Median price $700,000, Annual capital growth 3.04%, Number of sales 17, Weekly median advertised rent $580

Stuart Park Unit: Median price $482,500, Annual capital growth 6.18%, Number of sales 62, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Stuart Park, 0820 have given investors a capital gain of -5.98%. This compares averagely with the -4.64% for NT as a whole.

Stuart Park,0820 was ranked 3766 in Australia by increase in median property value over the quarter.

Stuart Park0820 is located in NT which offers an average discount of -7.52% to property investors. Stuart Park itself is showing figures that indicate -10.38% is the average achievable by property buyers investing in the suburb.

Stuart Park, 0820’s gross rental yield is 4.31%

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 -4.46%

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.

Vendor discounting in Stuart Park is giving property investors an average Vendor Discount of around -12.28%. This puts suburb at number 3rd in NT when ranking the most discounted suburbs.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.18%, investors should hope to achieve an overall return of 4.85%

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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
Metrics i HOUSE UNIT
$700,000 $482,500
-4.76% -0.52%
-5.98% -4.46%
3.04% 6.18%
$580 $450
17 62
4.31% 4.85%
124.26 156.47

Source: CoreLogic

DSR Score for property investment : Poor (U), Balanced (H)
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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