Over the last year, property investments in Stuart Park, 0820 have given investors a capital gain of 4.84%. This compares very favourably with the -3.70% for NT as a whole.
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of 4.84% over the period. This ranks it number 3905th 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.
Stuart Park has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -20.88% to date .
A -26.75% 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
LACK OF BUYER INTEREST may well be the reason that Stuart Park is offering property investors an average of -9.44. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in NT
At number 1087 in a list of fastest selling suburbs, Stuart Park is in the bottom 30% of suburbs in Australia with an average of days on market 92.25 for properties listed there.
Stuart Park, 0820’s gross rental yield is 6.25%
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