With a capital gain of -9.14% for the last 12 months, Darwin City, 0800 has performed for property investments than its average annual -2.89% property growth over the last 5 years.
A -39.14% growth in median value for property investors in Darwin City,0800 puts this suburb at number 10th in terms of best performing suburbs in NT
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.
Darwin City is 6th on a list of best yielding suburbs for rents in NT with a 7.36% return
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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.