Over the last year, property investments in Darwin City, 0800 have given investors a capital gain of 25.20%. This compares very favourably with the 11.23% for NT as a whole.
The five-year average increase in median property values for Darwin City,0800 has given property investors a potential capital gain of 34.86% across each of those five years.
Darwin City0800 is located in NT which offers an average discount of -2.00% to property investors. Darwin City itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $39520 per annum or $760 every week.
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Information supplied by:
March 2018
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NT capital could be recovering
Postcode: 0800
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.