Property value increases in Nightcliff have tracked lower than the NT average of -3.80% over the last 12 months.
Nightcliff,0810 has offered an average of -16.33% return per annum in house price rises to property investors over the last three years.
Nightcliff0810 is located in NT which offers an average discount of -8.15% to property investors. Nightcliff itself is showing figures that indicate -18.97% is the average achievable by property buyers investing in the suburb.
Nightcliff, 0810’s gross rental yield is 4.97%
NT has seen average median house prices change by -12.41% which means that Nightcliff, 0810 has not done well for property investors by showing a capital gain of -15.94% over the last year
A -15.70% growth in median value for property investors in Nightcliff,0810 puts this suburb at number 13th in terms of best performing suburbs in NT
Property buyers and investors in Nightcliff 0810 should be seeing an average reduction in asking price of around -0.48% . This means that Nightcliff is holding prices well when compared to other suburbs in NT.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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
Information supplied by:
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.