Suburb Profile Report for The Gardens NT (0820)

The Gardens Unit: Median price $367,500, Annual capital growth 1.84%, Number of sales 10, Weekly median advertised rent $400

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

At number 1510th in the list of Australian suburbs ordered by increase in median house value over the last year, The Gardens, 0820 is in the BOTTOM 10% with a property value increase of -20.97% recorded in median house prices.

The five-year average increase in median property values for The Gardens,0820 has given property investors a potential capital gain of -28.92% across each of those five years.

The Gardens is 17th on a list of best yielding suburbs for rents in NT with a 5.66% return

Information supplied by:


January 2019

M
O

W
E

An excellently located suburb

Postcode: 0820

Median unit price: $425,000

Three-year growth: -32.0%

Rental yield: 5.5%

Located on the fringe of Darwin's CBD, a stone’s throw to the Gardens Golf Course and the casino, and just a short stroll to Mindl Beach, The Gardens is a highly desirable neighbourhood of Darwin.

Darwin’s property market hasn’t performed well in recent years, and many investors are shying away from the Top End as a result. The Gardens is no exception, with the suburb’s stagnant property market delivering little in the way of capital growth to local landlords.

However, those investors who are adopting a long-term view and who are seeking an affordable investment that will deliver strong long-term rental returns, may consider this type of suburb. A light, bright, fresh an appealing two-bedroom unit in this market is around $350,000 to $400,000, with many apartments offering twinkling penthouse views across the city.   

 

Metrics i HOUSE UNIT
N/A $367,500
N/A N/A
N/A -20.97%
N/A 1.84%
N/A $400
N/A 10
N/A 5.66%
N/A N/A

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 742
Median household income ($/weekly) 1868
Median age of persons 30
Median housing loan repayment ($/monthly) 2253
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 92 12.4
    15-19 years 107 14.4
    25-34 years 149 20.1
    35-44 years 104 14.0
    55-64 years 76 10.2
    Others 214 28.8
    Age Group
    Census Count Percent(%)
    Not Married 201 47.5
    Registered Married 129 30.5
    Defacto Relationship 93 22.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 526 78.6
    Iraq 12 1.8
    Philippines 12 1.8
    United Kingdom 28 4.2
    Other 43 6.4
    Others 48 7.2
    Country of Birth
    Census Count Percent(%)
    Christianity 408 63.1
    No Religion 216 33.4
    Buddhism 10 1.5
    Hinduism 8 1.2
    Judaism 5 0.8
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 15 7.2
    $1,500-$1,999 39 18.8
    $2,000-$2,499 24 11.5
    $2,500-$2,999 29 13.9
    $3,000-$3,499 15 7.2
    Others 86 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 281 50.6
    Not in the labour force 163 29.4
    Employed, worked part-time 72 13.0
    Employed, away from work 31 5.6
    Unemployed, looking for work 8 1.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 56 14.7
    Professionals 99 26.0
    Technicians & trades workers 55 14.4
    Community & personal service workers 39 10.2
    Clerical & administrative workers 69 18.1
    Others 63 16.5
    Occupation
    Census Count Percent(%)
    Secondary 126 61.8
    University or other Tertiary Institutions 33 16.2
    Infants/Primary 27 13.2
    Pre-school 10 4.9
    Technical or Further Educational Institution 8 3.9
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 252 51.1
    Flat, unit or apartment 221 44.8
    Separate house 11 2.2
    Improvised home, tent, sleepers out 9 1.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 141 60.5
    Being purchased 58 24.9
    Fully owned 29 12.4
    Other tenure type 5 2.1
    Tenure Type
Census 2011, ABS
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