Property investors who have had real estate in Nightcliff, 0810 should be ok with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.56%
Over the longer term, Nightcliff has seen property prices show investors a 2.30% return over the last 3 years. This is an improvement over the last 12 months
Nightcliff, 0810’s gross rental yield is 4.33%
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 -20.74%.
Nightcliff,0810 was ranked 1718 in Australia by increase in median property value over the quarter.
Nightcliff is 19th on a list of best yielding suburbs for rents in NT with a 4.89% return
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.