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
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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.