Wulagi has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of 3.34% to date .
The most recent median price for Wulagi is $510000, with sellers offering an average of -6.05% off the asking price.
Advertised rents are around the $482.5 mark per week – giving a return of 4.92% based on the median price in Suburb
Sales in Wulagi have been increasing in the housing market, as values slip to a median of under $550,000.Full summary
Information supplied by:
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.