If you compare the increase in value of investment property in Nightcliff, 0810 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -5.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Nightcliff comes in at number 43th in NT.
The NT suburb of Nightcliff, 0810 is in the Darwin (C) local government area.
Investment property in Nightcliff has done 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 -13.39%
Across a shorter period, Nightcliff, 0810 has seen a median price increase of 30.95% over the last quarter.
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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.