Stuart Park, 0820 ranked 11th 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
Across a shorter period, Stuart Park, 0820 has seen a median price increase of 2.86% over the last quarter.
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 -10.51% is being offered, which puts this NT suburb at 272th most discounted overall in Australia.
Often selling an investment property can take time, and in Stuart Park the average time real estate has been on the market is 122.8 days.
The NT suburb of Stuart Park, 0820 is in the Darwin local government area.
Investment property in Stuart Park has done 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 -16.37%
Stuart Park,0820 was ranked 1634 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Stuart Park is offering property investors an average of -8.64. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in NT
With the median price for a house in Stuart Park being $435000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.38%
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.