Alawa is in the bottom 30% in NT when comparing median price capital growth over the last year. Alawa gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.39%.
Alawa,0810 has offered an average of -7.39% return per annum in house price rises to property investors over the last three years.
Alawa is 20th on a list of best yielding suburbs for rents in NT with a 5.62% return
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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.