Over the last year, property investments in Alawa, 0810 have given investors a capital gain of 11.90%. This compares very favourably with the 3.80% for NT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Alawa comes in at number 12th in NT.
With the median price for a house in Alawa being $470000 and the advertised rent reaching $445 the gross rental yield for property investors calculates out to be 4.92%
Information supplied by:
Rental activity picks up
Median house price: $456,500
Rental vacancy rate: 7.4%
Three-year growth: -19.2%
Situated north of Darwin, the suburb of Alawa was established in the late 1960s and named for the Aboriginal tribe that lived on the southern tributaries.
Alawa is bordered by Dripstone Road and Rapid Creek. At its boundary via the suburb’s connection to Lakeside Drive is the Casuarina shopping centre, providing much convenience to its residents. In additon, Alawa contains its own shopping hub, along with a primary school.
The suburb continues its downward trend in the August 2017-2018 period, with house prices plummeting by 15.5% to hit a median of just over $450,000. While the situation looks dire for investors seeking capital gain, rentals are picking up – the vacancy rate fell sharply from 9.7% in August 2017 to 7.4% a year on. The weekly average rent clocks in at $460, generating 5.2% yield on average.