NT has seen average median house prices change by -2.63% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of -5.12% over the last year
Nightcliff,0810 was ranked 3762 in Australia by increase in median property value over the quarter.
Nightcliff, 0810 is offering NT ‘s 15th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Nightcliff, 0810’s gross rental yield is 4.77%
Investment property in Nightcliff has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
When looking at the potential capital gains offered to property investors over the last 3 years, Nightcliff comes in at number 12th in NT.
At number 3rd of NT’s most discounted properties, Nightcliff is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Nightcliff the average time real estate has been on the market is 135.45 days.
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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.