At number 3832th in the list of Australian suburbs ordered by increase in median house value over the last year, Nightcliff, 0810 is in the BOTTOM 10% with a property value increase of -7.65% recorded in median house prices.
Over the longer term, Nightcliff has seen property prices show investors a -3.88% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Nightcliff is offering property investors an average of -7.51. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in NT
At number 3092 in a list of fastest selling suburbs, Nightcliff is in the bottom 20% of suburbs in Australia with an average of days on market 106.78 for properties listed there.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
With a capital gain of -34.41% for the last 12 months, Nightcliff, 0810 has performed for property investments than its average annual 3.92% property growth over the last 5 years.
Comparing Nightcliff,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well 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 -15.11% is being offered, which puts this NT suburb at 11th most discounted overall in Australia.
The NT suburb of Nightcliff, 0810 is in the Darwin local government area.
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.