Investment property in Nakara has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.45%
The five-year average increase in median property values for Nakara,0810 has given property investors a potential capital gain of -20.33% across each of those five years.
Our latest figures would indicate that property sellers in Nakara are currently offering property investors an average price cut of -7.47% below the asking price at the moment.
Nakara is 31th on a list of best yielding suburbs for rents in NT with a 5.31% return
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House prices remain high
Median house price: $520,000
Three-year growth: -16.1%
Rental yield: 5.2%
Situated 14km north of Darwin, the suburb of Nakara is under a cloud of decline.
Price falls peaked at 16.1% in 2015, and over the 12 months leading to March 2018, the median house value was at $520,000. With houses not being especially affordable even in the midst of a long-running downturn, not even an average rental yield of 5.2% is likely to bring investors in.
Houses that are spending an average of 54 days on the market does bring some hope of Nakara garnering the interest of buyers. A factor could be the proximity to the Darwin CBD, as well as its location just north of Casuarina – home to the NT’s largest shopping centre. Residents would also be near one of the interchanges for the bus service in Darwin.