NT has seen average median house prices change by -4.98% which means that Stuart Park, 0820 has not done well for property investors by showing a capital gain of -8.62% over the last year
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.
Property investors looking for a bargain in Stuart Park should be aiming for at least -8.65% off the asking price, which is the average vendor discount being achieved at the moment.
Stuart Park is 49th on a list of best yielding suburbs for rents in NT with a 4.23% return
Stuart Park has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -4.59% to date .
While Stuart Park,0820 ranked number 15th in NT for increase in median house value (annualised) increase, it is ranked 4th over the last 5 years.
Stuart Park, 0820 is offering NT ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NT.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 7.29%, investors should hope to achieve an overall return of 5.03%
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.