Investment property in Stuart Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.69%
Taking the average capital gain, or increase in median house value, Stuart Park,0820 has racked up an average of -4.69% over the period. This ranks it number 3907th in the whole country for real estate investors looking at median house price increases.
NT has seen average median house prices change by -10.83% which means that Stuart Park, 0820 has not done well for property investors by showing a capital gain of 0.00% over the last year
A -37.11% growth in median value for property investors in Stuart Park,0820 puts this suburb at number 9th 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 -9.52% below the asking price at the moment.
In the last year 50 properties changed hands in Stuart Park, which puts it as the 2nd most active market in NT when comparing the number of sales per suburb.
Stuart Park, 0820’s gross rental yield is 6.30%
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.