Stuart Park, 0820 ranked 24th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Stuart Park has fallen somewhat when compared to the 5 year average annual rate.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
Stuart Park has had a A very good year for property investment returns compared to the rest of NT, giving investors a capital gain of 1.14% to date .
A -11.50% growth in median value for property investors in Stuart Park,0820 puts this suburb at number 11th in terms of best performing suburbs in NT
Our latest figures would indicate that property sellers in Stuart Park are currently offering property investors an average price cut of -8.50% below the asking price at the moment.
Stuart Park is 22th on a list of best yielding suburbs for rents in NT with a 4.94% return
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