Suburb Profile Report for Stuart Park NT (0820)

Stuart Park House: Median price $592,500, Annual capital growth 1.82%, Number of sales 20, Weekly median advertised rent $595

Stuart Park Unit: Median price $330,000, Annual capital growth -1.30%, Number of sales 44, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Stuart Park, 0820 have given investors a capital gain of -10.23%. This compares very badly with the -2.07% for NT as a whole.

While Stuart Park,0820 ranked number 48th in NT for increase in median house value (annualised) increase, it is ranked 22th over the last 5 years.

Stuart Park is 30th on a list of best yielding suburbs for rents in NT with a 5.22% return

Property value increases in Stuart Park have tracked just lower than the NT average of -8.28% over the last 12 months.

Over the longer term, Stuart Park has seen property prices show investors a -35.69% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Stuart Park is offering property investors an average of -9.12. This rate of discount on properties puts Suburb at number 4th in terms of most discounted suburbs in NT

Situated 1.45km from the CBD, Stuart Park is one of Darwin (C) localities in the postcode 0820.

Information supplied by:


August 2017

M
O

W
E

Unit supply thins out

Postcode: 0820

Median unit price: $445,000

Stock on market: -20.2%

12-month growth: -14.01%

The primarily residential inner-city suburb of Stuart Park is typically mentioned in the same breath as its neighbours Fannie Bay, Ludmilla and Parap. In the midst of Darwin’s continued descent, apartment stock in Stuart Park has plummeted over the past 12 months.

This has been accompanied by a steep decline of 14% in values, with the median unit price slipping below $450,000, even though the suburb is a stone’s throw from the capital of Darwin. This is where the lowered stock levels could come in to boost demand again.

Stuart Park houses a mixture of large family houses and modern apartment developments. True to its name, it is also home to lovely parks, as well as Stuart Park Primary School. The proximity of Stuart Highway makes this suburb highly accessible.

Metrics i HOUSE UNIT
$592,500 $330,000
-7.42% 0.00%
-10.23% -26.67%
1.82% -1.30%
$595 $400
20 44
5.22% 6.30%
N/A 99.4333333333334

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 3748
Median household income ($/weekly) 1866
Median age of persons 32
Median housing loan repayment ($/monthly) 2025
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 434 11.6
    25-34 years 966 25.8
    35-44 years 584 15.6
    45-54 years 530 14.1
    55-64 years 391 10.4
    Others 843 22.5
    Age Group
    Census Count Percent(%)
    Not Married 1338 49.0
    Registered Married 859 31.4
    Defacto Relationship 535 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2310 69.1
    Papua New Guinea 123 3.7
    Philippines 127 3.8
    United Kingdom 177 5.3
    Other 175 5.2
    Others 431 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 2.9
    Christianity 1859 58.8
    Hinduism 69 2.2
    Islam 49 1.5
    No Religion 1056 33.4
    Others 37 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 123 9.9
    $1,500-$1,999 184 14.8
    $2,000-$2,499 149 12.0
    $2,500-$2,999 167 13.5
    $3,000-$3,499 107 8.6
    Others 511 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1836 62.6
    Not in the labour force 475 16.2
    Employed, worked part-time 409 13.9
    Employed, away from work 149 5.1
    Unemployed, looking for work 64 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 327 13.6
    Professionals 584 24.4
    Technicians & trades workers 353 14.7
    Community & personal service workers 290 12.1
    Clerical & administrative workers 375 15.6
    Others 468 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.3
    Infants/Primary 165 25.4
    Secondary 122 18.8
    Technical or Further Educational Institution 67 10.3
    University or other Tertiary Institutions 216 33.3
    Others 38 5.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1080 32.8
    Semi-detached, row or terrace house, townhouse 823 25.0
    Flat, unit or apartment 1316 40.0
    Caravan, cabin, houseboat 42 1.3
    Improvised home, tent, sleepers out 25 0.8
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 793 57.0
    Being purchased 382 27.4
    Fully owned 209 15.0
    Other tenure type 8 0.6
    Tenure Type
Census 2011, ABS
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