Stuart Park is in the bottom 30% in NT when comparing median price capital growth over the last year. Stuart Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.60%.
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -6.60% over the period. This ranks it number 3823th in the whole country for real estate investors looking at median house price increases.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
Property value increases in Stuart Park have tracked lower than the NT average of -8.84% over the last 12 months.
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -23.70% over the period. This ranks it number 1505th in the whole country for real estate investors looking at median house price increases.
At number 7th of NT’s most discounted properties, Stuart Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $400 mark per week – giving a return of 6.30% based on the median price in Suburb
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.