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%
In the midst of Darwin’s continued descent, apartment stock in Stuart Park has plummeted over the past 12 months.Full summary
Information supplied by:
Unit supply thins out
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