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%
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.