If you compare the increase in value of investment property in Nightcliff, 0810 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was 8.33%.
If we look at median property appreciation over just the last three months, Nightcliff has given property investors a paper return of 2.63%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in NT
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nightcliff, 0810. Typically our figures indicate that -3.00% is being offered, which puts this NT suburb at 1851th most discounted overall in Australia.
Property investors who have had real estate in Nightcliff, 0810 should be relatively 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 8.33%
If we look at median property appreciation over just the last three months, Nightcliff has given property investors a paper return of 2.63%. This puts Suburb as 25 on a list of fastest fasting appreciating suburbs in NT
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.00% offered to property buyers. Sellers in Nightcliff itself are offering an average vendor discount of -3.61% to real estate investors.
At number 1461 in a list of fastest selling suburbs, Nightcliff is in the bottom 30% of suburbs in Australia with an average of days on market 57.5797 for properties listed there.
Advertised rents are around the $420 mark per week – giving a return of 5.60% based on the median price in Suburb
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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.