With a capital gain of -4.62% for the last 12 months, Nightcliff, 0810 has performed for property investments than its average annual 1.45% property growth over the last 5 years.
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Nightcliff, 0810’s gross rental yield is 4.49%
Property value increases in Nightcliff have tracked lower than the NT average of -8.71% over the last 12 months.
Over the longer term, Nightcliff has seen property prices show investors a -55.43% return over the last 3 years. This is an improvement over the last 12 months
Often selling an investment property can take time, and in Nightcliff the average time real estate has been on the market is 100.25 days.
Nightcliff is 3rd on a list of best yielding suburbs for rents in NT with a 8.12% return
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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.