Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of 7.44%. This compares very favourably with the -0.91% for NT as a whole.
Nightcliff,0810 was ranked 204 in Australia by increase in median property value over the quarter.
Nightcliff, 0810 is offering NT ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NT.
The NT suburb of Nightcliff, 0810 is in the NULL local government area.
Nightcliff has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -7.87% to date .
The five-year average increase in median property values for Nightcliff,0810 has given property investors a potential capital gain of -36.89% across each of those five years.
Property investors looking for a bargain in Nightcliff should be aiming for at least -14.46% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Nightcliff the average time real estate has been on the market is 142.905 days.
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Nightcliff is situated 8km north of the Darwin CBD, on the shores of the Beagle Gulf. Despite its coastal location, it’s more affordable than neighbours Rapid Creek and Coconut Grove, with comparable rents.
Like the rest of Darwin, access to the CBD is by road, and the only public transport option is the bus. Nightcliff has a decent level of amenity, however, with cafes and shops – including a supermarket – located around the junction of Progress Drive and Dick Ward Drive.
There are several schools in and around the suburb, and the Royal Darwin Hospital is 5km north. There is a footpath along the foreshore, primarily used for walking or cycling, a public swimming pool on the beach and food market on Sundays.
It’s largely a family suburb, with around half of residents being married. At $1,602pw, average weekly incomes are comfortably above the NT average too. Twenty-seven per cent of properties are rented.
This is a suburb whose relative affordability should see the suburb continue to perform in the long term.