Alawa, 0810 ranked 39th in NT when comparing growth in median property values or capital gain over the last 12 months. Alawa is one of 124 in our list for NT
Alawa,0810 has offered an average of -7.61% return per annum in house price rises to property investors over the last three years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.42% offered to property buyers. Sellers in Alawa itself are offering an average vendor discount of -8.33% to real estate investors.
Often selling an investment property can take time, and in Alawa the average time real estate has been on the market is 69.0909 days.
Situated 9.58km from the CBD, Alawa is one of Darwin (C) localities in the postcode 0810.
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Rental activity picks up
Median house price: $456,500
Rental vacancy rate: 7.4%
Three-year growth: -19.2%
Situated north of Darwin, the suburb of Alawa was established in the late 1960s and named for the Aboriginal tribe that lived on the southern tributaries.
Alawa is bordered by Dripstone Road and Rapid Creek. At its boundary via the suburb’s connection to Lakeside Drive is the Casuarina shopping centre, providing much convenience to its residents. In additon, Alawa contains its own shopping hub, along with a primary school.
The suburb continues its downward trend in the August 2017-2018 period, with house prices plummeting by 15.5% to hit a median of just over $450,000. While the situation looks dire for investors seeking capital gain, rentals are picking up – the vacancy rate fell sharply from 9.7% in August 2017 to 7.4% a year on. The weekly average rent clocks in at $460, generating 5.2% yield on average.