Over the last year, property investments in Nightcliff, 0810 have given investors a capital gain of -10.22%. This compares very badly with the -1.23% for NT as a whole.
Over the longer term, Nightcliff has seen property prices show investors a -18.00% return over the last 3 years. This is an improvement over the last 12 months
At number 5th of NT’s most discounted properties, Nightcliff is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Nightcliff has had a A very good year for property investment returns compared to the rest of NT, giving investors a capital gain of 19.72% to date .
While Nightcliff,0810 ranked number 1st in NT for increase in median house value (annualised) increase, it is ranked 3rd over the last 5 years.
Property investors looking for a bargain in Nightcliff should be aiming for at least -9.42% off the asking price, which is the average vendor discount being achieved at the moment.
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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.