At number 2007th in the list of Australian suburbs ordered by increase in median house value over the last year, Wagaman, 0810 is in the top half with a property value increase of -1.21% recorded in median house prices.
Comparing Wagaman,0810 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Wagaman 0810 should be seeing an average reduction in asking price of around -11.43% . This means that Wagaman is holding prices well when compared to other suburbs in NT.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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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.