Wulagi has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.25% to date .
Wulagi,0812 was ranked 3664 in Australia by increase in median property value over the quarter.
Wulagi0812 is located in NT which offers an average discount of -7.87% to property investors. Wulagi itself is showing figures that indicate -9.36% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Situated 10.32km from the CBD, Wulagi is one of Darwin (C) localities in the postcode 0812.
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Less than 20 minutes north of Darwin past the airport, the suburb of Wulagi is struggling to maintain demand in a market that is falling and will continue to fall for a while.
Sales have been increasing in the housing market as values slip to a median of under $550,000. With rental returns coming in at over 5%, a chunk of the buyers could be investors looking to take advantage of the suburb’s appealing qualities.
The suburb has a shopping centre and an oval, and it is well known for its large blocks of land and greenery. Aside from being close to the Darwin airport, it is also near Casuarina Beach.