Wagaman, 0810 ranked 37th in NT when comparing growth in median property values or capital gain over the last 12 months. Wagaman is one of 124 in our list for NT
If we look at median property appreciation over just the last three months, Wagaman has given property investors a paper return of -5.91%. This puts Suburb as 38 on a list of fastest fasting appreciating suburbs in NT
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Just 14km north of Darwin lies the suburb of Wagaman. It is one of the northern suburbs of the capital.
In line with the state’s decline, Wagaman has seen its prices falling over recent years. In the previous year, negative growth of 5.4% was reported, pulling the median house value down to just over $530,000.
However, this may be a blessing in disguise as the decreased prices could spur investor investment, especially with Wagaman’s prime location and returns high at an average of 5.4%. Residents have access to a primary school, a local park and a shopping centre in town, while neighbouring Casuarina and its large shopping hub are within close proximity.