Over the last year, property investments in Tiwi, 0810 have given investors a capital gain of -4.95%. This compares averagely with the -3.80% for NT as a whole.
Taking the average capital gain, or increase in median house value, Tiwi,0810 has racked up an average of -4.95% over the period. This ranks it number 4311th in the whole country for real estate investors looking at median house price increases.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Tiwi itself are offering an average vendor discount of -3.46% to real estate investors.
At number 344 in a list of fastest selling suburbs, Tiwi is in the TOP 10% of suburbs in Australia with an average of days on market 31.5 for properties listed there.
With the median price for a house in Tiwi being $480000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 5.42%
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.