Giving property investors a a solid capital gain of 11.68% for the last year, Zuccoli, 0832 is the 587th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Zuccoli has fallen somewhat when compared to the 5 year average annual rate.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.28% offered to property buyers. Sellers in Zuccoli itself are offering an average vendor discount of -7.73% to real estate investors.
In the last year 76 properties changed hands in Zuccoli, which puts it as the 1st most active market in NT when comparing the number of sales per suburb.
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Affordability combines with rising supply
Median house price: $182,000
Stock on market: 66.7%
12-month growth: 4.0%
At just over 10 years old, Zuccoli is one of the baby suburbs in Australia. It is located within Palmerston City, about 7 minutes’ drive south of the CBD, and about half an hour’s drive from Darwin.
Over the December 2017-2018 period, the number of houses on the market soared from 59 to 100. Coupled with Zuccoli’s extremely low prices, with a median of $182,000, the suburb has seen a little growth over the same period as values rose by 4%. This continued into the December 2018 quarter, which recorded 1.1% growth.
Zuccoli is a hotbed of natural beauty, as it is ringed by bushland and bordered by Mitchell Creek. Boardwalks enable excellent views of the water, and the many cycling trails weaving across the suburb along the leafy streets promote a healthy lifestyle and highlight Zuccoli’s open spaces.