NT has seen average median house prices change by -2.32% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of 3.59% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nightcliff has fallen somewhat when compared to the 5 year average annual rate.
Nightcliff0810 is located in NT which offers an average discount of -7.52% to property investors. Nightcliff itself is showing figures that indicate -7.85% is the average achievable by property buyers investing in the suburb.
In the last year 27 properties changed hands in Nightcliff, which puts it as the 15th most active market in NT when comparing the number of sales per suburb.
Nightcliff is 46th on a list of best yielding suburbs for rents in NT with a 4.28% return
NT has seen average median house prices change by -8.84% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of 27.58% over the last year
Nightcliff,0810 has offered an average of 27.58% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -11.00. This rate of discount on properties puts Suburb at number 4th in terms of most discounted suburbs in NT
Property investors should expect to get $320 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.