Nightcliff is in the bottom 10% in NT when comparing median price capital growth over the last year. Nightcliff gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.13%.
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
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 -13.25% is being offered, which puts this NT suburb at 83th most discounted overall in Australia.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 1.91%, investors should hope to achieve an overall return of 5.20%
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 decrease in value by -24.69%
Nightcliff,0810 has offered an average of -24.69% return per annum in house price rises to property investors over the last three years.
Nightcliff, 0810 is offering NT ‘s 6th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NT.
Nightcliff, 0810’s gross rental yield is 5.63%
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
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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.