Stuart Park has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -7.69% to date .
If we look at median property appreciation over just the last three months, Stuart Park has given property investors a paper return of -0.41%. This puts Suburb as 27 on a list of fastest fasting appreciating suburbs in NT
The NT suburb of Stuart Park, 0820 is in the Darwin (C) local government area.
Giving property investors a a poor capital gain of -20.12% for the last year, Stuart Park, 0820 is the 1464th highest performer in Australia in this respect.
Over the longer term, Stuart Park has seen property prices show investors a -33.25% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Stuart Park is $318725, with sellers offering an average of -9.99% off the asking price.
With the median price for a house in Stuart Park being $318725 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 6.53%
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Information supplied by:
August 2017
M
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Unit supply thins out
Postcode: 0820
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.