Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of -8.33%. This compares badly with the -2.68% for NT as a whole.
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -7.94. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in NT
Advertised rents are around the $650 mark per week – giving a return of 4.92% based on the median price in Suburb
NT has seen average median house prices change by -10.85% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of -32.22% over the last year
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -10.11. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in NT
With the median price for a house in Nightcliff being $305000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.46%
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.