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:
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.