Investment property in Alawa 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 -10.59%
While Alawa,0810 ranked number 33th in NT for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Alawa is offering property investors an average of -8.15. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in NT
At number 206 in a list of fastest selling suburbs, Alawa is in the TOP 10% of suburbs in Australia with an average of days on market 26 for properties listed there.
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 tributariesFull summary
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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.Close