Giving property investors a a stable capital gain of 6.45% for the last year, Darwin City, 0800 is the 586th highest performer in Australia in this respect.
Across a shorter period, Darwin City, 0800 has seen a median price increase of -0.15% over the last quarter.
Darwin City, 0800 is offering NT ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NT.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of -2.69%, investors should hope to achieve an overall return of 6.78%
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NT capital could be recovering
Median unit price: $431,000
Stock on market: -3.3%
12-month growth: -8.3%
The Northern Territory’s capital continues to take a dive price-wise, and supply looks to be following at last.
The number of units in the city slipped from 266 to 256 in the year leading up to December 2017 – while the decline is not significant at just 3.3%, this could mean that the tide might be turning for Darwin soon. With the capital slated to hit rock bottom in the next few years before beginning its recovery, this could be a good time to buy in.
The CBD is a good place to be, since this is where major projects are generally looking to take place. Moreover, Darwin is one of the best-stocked suburbs in the state given its strong commercial scene.