Property investors who have had real estate in Zuccoli, 0832 should be pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.51%
Across a shorter period, Zuccoli, 0832 has seen a median price increase of 20.44% over the last quarter.
Our latest figures would indicate that property sellers in Zuccoli are currently offering property investors an average price cut of -7.18% below the asking price at the moment.
With the median price for a house in Zuccoli being $218000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 12.64%
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Affordability combines with rising supply
Median house price: $182,000
Stock on market: 66.7%
12-month growth: 4.0%
At just over 10 years old, Zuccoli is one of the baby suburbs in Australia. It is located within Palmerston City, about 7 minutes’ drive south of the CBD, and about half an hour’s drive from Darwin.
Over the December 2017-2018 period, the number of houses on the market soared from 59 to 100. Coupled with Zuccoli’s extremely low prices, with a median of $182,000, the suburb has seen a little growth over the same period as values rose by 4%. This continued into the December 2018 quarter, which recorded 1.1% growth.
Zuccoli is a hotbed of natural beauty, as it is ringed by bushland and bordered by Mitchell Creek. Boardwalks enable excellent views of the water, and the many cycling trails weaving across the suburb along the leafy streets promote a healthy lifestyle and highlight Zuccoli’s open spaces.