If you compare the increase in value of investment property in Nightcliff, 0810 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -4.41%.
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors should expect to get $535 weekly from the median priced house in this suburb.
Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of 5.83%. This compares very favourably with the -9.83% for NT as a whole.
Nightcliff,0810 was ranked 1322 in Australia by increase in median property value over the quarter.
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 -11.50% is being offered, which puts this NT suburb at 23th most discounted overall in Australia.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.13%, investors should hope to achieve an overall return of 5.40%
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.