Tiwi is in the bottom 20% in NT when comparing median price capital growth over the last year. Tiwi gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.32%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tiwi has fallen somewhat when compared to the 5 year average annual rate.
Tiwi, 0810 is offering NT ‘s 25th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NT.
At number 2701 in a list of fastest selling suburbs, Tiwi is in the bottom 30% of suburbs in Australia with an average of days on market 93.82 for properties listed there.
With the median price for a house in Tiwi being $470000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 5.26%
Home to the Royal Darwin Hospital, Tiwi is 11km north of the Darwin CBD and adjacent to the Dripstone Park coastal reserve.Full summary
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Home to the Royal Darwin Hospital, Tiwi is 11km north of the Darwin CBD and adjacent to the Dripstone Park coastal reserve.
The Charles Darwin University is close by in Brinkin, and a sizeable shopping centre is in nearby Casuarina. Like the rest of northern Darwin, the only public transport options to the CBD are via bus.
Seventy-one per cent of properties in the suburb are separate houses, and median prices compare favourably to nearby Rapid Creek, and Nakara.
Land parcels are quite large within Tiwi, with many houses often residing on 800m2 or more. This suggests subdivision or development potential.