Nightcliff is in the TOP 20% in NT when comparing median price capital growth over the last year. Nightcliff gave property investors a very good capital gain figure when compared to the rest of the state, with 5.87%.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.78% offered to property buyers. Sellers in Nightcliff itself are offering an average vendor discount of -6.81% to real estate investors.
Residents and property investors in Nightcliff have been waiting around 110.35 days to sell a property.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 3.93%.
With a capital gain of -23.52% for the last 12 months, Nightcliff, 0810 has performed for property investments than its average annual 4.98% property growth over the last 5 years.
Nightcliff,0810 was ranked 1677 in Australia by increase in median property value over the quarter.
Vendor discounting in Nightcliff is giving property investors an average Vendor Discount of around -14.08%. This puts suburb at number in NT when ranking the most discounted suburbs.
At number 1363 in a list of fastest selling suburbs, Nightcliff is in the bottom 10% of suburbs in Australia with an average of days on market 122.31 for properties listed there.
Situated 8.42km from the CBD, Nightcliff is one of Darwin localities in the postcode 0810.
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
Information supplied by:
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.