Property investors who have had real estate in Nightcliff, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.84%
Nightcliff,0810 was ranked 2622 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
The five-year average increase in median property values for Nightcliff,0810 has given property investors a potential capital gain of -31.58% across each of those five years.
Nightcliff is 23th on a list of best yielding suburbs for rents in NT with a 5.52% return
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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.