AREA REPORTS

Darwin City

Suburb Profile

Darwin City - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,800

unit

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $405,000.

Investors saw the median home price rise to $405,000.

The downward trend in home prices in DARWIN CITY, 800 averaged -5.21% per annum over a 3-year period.

DARWIN CITY now ranks at the 13th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in DARWIN CITY are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In DARWIN CITY, homes and units usually stay on listing for an average of 113.3 days.

89 properties were sold in DARWIN CITY in 2016, making it the 1st most active market in NT based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $405,000
GROWTH REPORT
Median Quarterly N/A -3.57%
Median 12 month N/A -10%
Median 3 years N/A -15.63%
Median 5 years N/A -16.84%
10 years average annual N/A 2.58%
Weekly media advert. rent N/A $450
Time on Market N/A 113.3 days
Gross Rental Yield Percent N/A 5.78%
demographics (median values)
Total Population
2483
Weekly Household Income
1208
Household Size
1.80
demographics
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