Suburb Profile Report for Stuart Park NT (0820)

Stuart Park House: Median price $720,000, Annual capital growth 3.71%, Number of sales 15, Weekly median advertised rent $555

Stuart Park Unit: Median price $475,000, Annual capital growth 6.13%, Number of sales 61, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Stuart Park, 0820 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -3.87%.

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.

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 -10.38% is being offered, which puts this NT suburb at 302th most discounted overall in Australia.

With the median price for a house in Stuart Park being $720000 and the advertised rent reaching $555 the gross rental yield for property investors calculates out to be 4.01%

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 -8.21%.

Stuart Park,0820 was ranked 1574 in Australia by increase in median property value over the quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.84% offered to property buyers. Sellers in Stuart Park itself are offering an average vendor discount of -12.75% to real estate investors.

In the last year 61 properties changed hands in Stuart Park, which puts it as the 3rd most active market in NT when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

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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
$720,000 $475,000
N/A -6.68%
-3.87% -8.21%
3.71% 6.13%
$555 $450
15 61
4.01% 4.93%
124.26 154.56

Source: CoreLogic

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