Property value increases in Stuart Park have tracked lower than the NT average of -3.69% over the last 12 months.
Property buyers and investors in Stuart Park 0820 should be seeing an average reduction in asking price of around -16.49% . This means that Stuart Park is holding prices well when compared to other suburbs in NT.
Often selling an investment property can take time, and in Stuart Park the average time real estate has been on the market is 156.63 days.
A $585 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 2.63%.
Investment property in Stuart Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.22%
While Stuart Park,0820 ranked number 11th in NT for increase in median house value (annualised) increase, it is ranked 15th over the last 5 years.
Stuart Park, 0820 is offering NT ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NT.
Stuart Park is just a short walk north of the Darwin CBD, and is one of our top picks for the Northern Territory. Full summary
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Stuart Park is just a short walk north of the Darwin CBD, and is one of our top picks for the Northern Territory.
It’s within easy access of the amenities of the city centre, and just a short drive or bus ride to the airport. Amenities are limited to a few shops in a small shopping centre on the Stuart Highway, but the amenities of the CBD are within easy reach.
Units are quite affordable compared to The Gardens, for example. Rental yields are also excellent, as you’d expect from a Darwin suburb. Cash flow positive purchases are very possible, too. Locals recommend Duke Street and Tipperary Crescent for water views.
Stuart Park has shown impressive capital growth in the past. Darwin market is proving volatile at present – not least due to affordability issues. Investors would be well advised to invest for rental yield in the short term, and treat any capital growth as a bonus in the short term.