At number 3812th in the list of Australian suburbs ordered by increase in median house value over the last year, Nightcliff, 0810 is in the BOTTOM 10% with a property value increase of -8.00% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Nightcliff comes in at number 35th in NT.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nightcliff, 0810. Typically our figures indicate that -11.25% is being offered, which puts this NT suburb at 173th most discounted overall in Australia.
Renters in Suburb are facing rents around $35360 per annum or $680 every week.
Nightcliff is in the bottom 10% in NT when comparing median price capital growth over the last year. Nightcliff gave property investors a dismal capital gain figure when compared to the rest of the state, with -34.78%.
The five-year average increase in median property values for Nightcliff,0810 has given property investors a potential capital gain of -11.76% across each of those five years.
At number 4th of NT’s most discounted properties, Nightcliff is in the bottom 30% of the state/territory when listing in order of most discounted to least.
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 (median unit price: $379,500) and Coconut Grove (median unit price: $407,500), with comparable rents.Full summary
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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.