If you compare the increase in value of investment property in The Gardens, 0820 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -16.48%.
When looking at the potential capital gains offered to property investors over the last 3 years, The Gardens comes in at number 18th in NT.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of -0.27%, investors should hope to achieve an overall return of 5.66%
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 DarwinFull summary
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An excellently located suburb
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.