Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of -17.18%. This compares very badly with the -2.97% for NT as a whole.
Over the longer term, Nightcliff has seen property prices show investors a -16.55% return over the last 3 years. This is worse than over the last 12 months
Nightcliff0810 is located in NT which offers an average discount of -7.28% to property investors. Nightcliff itself is showing figures that indicate -8.04% is the average achievable by property buyers investing in the suburb.
Nightcliff is 32th on a list of best yielding suburbs for rents in NT with a 5.11% return
NT has seen average median house prices change by -2.19% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of 11.67% over the last year
Over the longer term, Nightcliff has seen property prices show investors a -30.81% return over the last 3 years. This is an improvement over the last 12 months
Nightcliff, 0810 is offering NT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NT.
On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
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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.