Giving property investors a an average capital gain of 5.38% for the last year, Wagaman, 0810 is the 2344th highest performer in Australia in this respect.
While Wagaman,0810 ranked number 18th in NT for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
Advertised rents are around the $480 mark per week – giving a return of 4.93% based on the median price in Suburb
In line with the state’s decline, Wagaman has seen its prices falling over recent years.Full summary
Information supplied by:
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.Close