At number 3367th in the list of Australian suburbs ordered by increase in median house value over the last year, Nightcliff, 0810 is in the BOTTOM 20% with a property value increase of -3.25% recorded in median house prices.
Nightcliff,0810 has offered an average of -3.25% return per annum in house price rises to property investors over the last three years.
Property investors should expect to get $525 weekly from the median priced house in this suburb.
Nightcliff, 0810 ranked 15th in NT when comparing growth in median property values or capital gain over the last 12 months. Nightcliff is one of 124 in our list for NT
Taking the average capital gain, or increase in median house value, Nightcliff,0810 has racked up an average of -37.31% over the period. This ranks it number 1563th in the whole country for real estate investors looking at median house price increases.
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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.