Suburb Profile Report for Stuart Park NT (0820)

Stuart Park House: Median price $675,000, Annual capital growth 1.29%, Number of sales 18, Weekly median advertised rent $565

Stuart Park Unit: Median price $429,990, Annual capital growth 4.77%, Number of sales 49, Weekly median advertised rent $420

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

Giving property investors a an unimpressive capital gain of -0.37% for the last year, Stuart Park, 0820 is the 2868th highest performer in Australia in this respect.

In the last year 18 properties changed hands in Stuart Park, which puts it as the 34th most active market in NT when comparing the number of sales per suburb.

With the median price for a house in Stuart Park being $675000 and the advertised rent reaching $565 the gross rental yield for property investors calculates out to be 4.35%

Stuart Park, 0820 ranked 6th in NT when comparing growth in median property values or capital gain over the last 12 months. Stuart Park is one of 124 in our list for NT

Comparing Stuart Park,0820 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in Stuart Park 0820 should be seeing an average reduction in asking price of around -9.60% . This means that Stuart Park is holding prices well when compared to other suburbs in NT.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.77%, investors should hope to achieve an overall return of 5.08%

Information supplied by:


August 2017

M
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W
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In the midst of Darwin’s continued descent, apartment stock in Stuart Park has plummeted over the past 12 months.Full summary

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.

Close
Metrics i HOUSE UNIT
$675,000 $429,990
N/A -2.83%
-0.37% -4.45%
1.29% 4.77%
$565 $420
18 49
4.35% 5.08%
N/A 92.13

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Stuart Park NT
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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Recent sales & rentals