Bayview is in the TOP 10% in NT when comparing median price capital growth over the last year. Bayview gave property investors a very good capital gain figure when compared to the rest of the state, with 16.56%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bayview has increased when compared to the 5 year average annual rate.
Advertised rents are around the $775 mark per week – giving a return of 4.24% based on the median price in Suburb
With a capital gain of -14.10% for the last 12 months, Bayview, 0820 has performed for property investments than its average annual -3.11% property growth over the last 5 years.
Bayview,0820 was ranked 1459 in Australia by increase in median property value over the quarter.
Bayview is 7th on a list of best yielding suburbs for rents in NT with a 7.76% return
Information supplied by:
Great views don’t save falling prices
Median unit price: $425,000
Three-year growth: -37.5%
Rental yield: 6.1%
The suburb of Bayview, as its name suggests, offers lovely views of Frances Bay. It takes its name from the estate Bayview Haven.
It is one of Darwin’s more expensive pockets, with sizeable, pricey homes, but there are also high-density developments and townhouses to cater to the middle class. It is also bordered by Charles Darwin National Park. A downside to Bayview, however, is the lack of public transport. There are also few facilities catering to families with kids.
As has been the case for several years now, unit values plummeted in the November 2017-2018 period by over 25%, bringing the median to $425,000. The same level of decline was observed over the November 2018 quarter. The average rent per week is still quite high at $500, with investors able to gain 6% profit. However, this is not looking to be a good long-term investment.