Stuart Park has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of -2.71% to date .
The five-year average increase in median property values for Stuart Park,0820 has given property investors a potential capital gain of 8.89% across each of those five years.
Property buyers and investors in Stuart Park 0820 should be seeing an average reduction in asking price of around -8.14% . This means that Stuart Park is holding prices well when compared to other suburbs in NT.
Stuart Park, 0820’s gross rental yield is 4.00%
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 -5.37%.
When looking at the potential capital gains offered to property investors over the last 3 years, Stuart Park comes in at number 10th in NT.
Our latest figures would indicate that property sellers in Stuart Park are currently offering property investors an average price cut of -12.75% below the asking price at the moment.
Stuart Park, 0820’s gross rental yield is 5.09%
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
Information supplied by:
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.