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 2.67%.
Taking the average capital gain, or increase in median house value, Nightcliff,0810 has racked up an average of 2.67% over the period. This ranks it number 2939th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.41% to buyers in Nightcliff at the moment, which is less than average for the rest of NT.
The NT suburb of Nightcliff, 0810 is in the Darwin local government area.
Nightcliff has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -24.73% to date .
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.29% offered to property buyers. Sellers in Nightcliff itself are offering an average vendor discount of -14.62% to real estate investors.
Situated 8.46km 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
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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.