In the last year 10 properties changed hands in Woolner, which puts it as the 22th most active market in NT when comparing the number of sales per suburb.
The NT suburb of Woolner, 0820 is in the Darwin (C) local government area.
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Unit price declines slow
Median unit price: $377,500
Three-year growth: -31.4%
Rental yield: 6.2%
Located 4km from the Darwin CBD, the suburb of Woolner offers high rental returns of over 6% at an average weekly rent rate of $450.
Apartment prices have been falling consistently for five years since 2013, but the decline seems to slowing down as Woolner recorded a drop of just 0.7% in the 12 months leading up to February 2018. This brings the median value to $377,500.
Named for an Aboriginal tribal group, Woolner provides easy access to Darwin’s amenities, including Charles Darwin university, many primary schools, the local entertainment centre, a museum, art gallery and a shopping hub. Woolner is also close to several beaches, like Casuarina and Mindil Beach. The Number 10 bus to the Darwin Interchange departs from Woolner Road.