Property value increases in Stuart Park have tracked just higher than the NT average of -2.97% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Stuart Park comes in at number 24th in NT.
Residents and property investors in Stuart Park have been waiting around 86.4 days to sell a property.
NT has seen average median house prices change by -2.19% which means that Stuart Park, 0820 has not done well for property investors by showing a capital gain of -27.47% over the last year
A -32.93% growth in median value for property investors in Stuart Park,0820 puts this suburb at number 18th in terms of best performing suburbs in NT
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Stuart Park, 0820. Typically our figures indicate that -10.46% is being offered, which puts this NT suburb at 33th most discounted overall in Australia.
Situated 1.48km from the CBD, Stuart Park is one of Darwin (C) localities in the postcode 0820.
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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.