With a capital gain of -4.16% for the last 12 months, Wulagi, 0812 has performed for property investments than its average annual 2.91% property growth over the last 5 years.
Comparing Wulagi,0812 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 2.91%, investors should hope to achieve an overall return of 5.25%
Sales in Wulagi have been increasing in the housing market, as values slip to a median of under $550,000.Full summary
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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.