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Darwin City
AREA REPORTS

Darwin City

Darwin City - 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 $318,000.

Investors saw the median home price rise to $318,000.

The downward trend in home prices in DARWIN CITY, 800 averaged -8.27% per annum over a 3-year period.

DARWIN CITY now ranks at the 10th 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 high, 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 117.6 days.

134 properties were sold in DARWIN CITY in 2016, making it the 16th most active market in NT based on total real estate transactions.

Data report can be found below

Darwin City
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $318,000
GROWTH REPORT
Median Quarterly N/A 0.47%
Median 12 month N/A -6.47%
Median 3 years N/A -24.82%
Median 5 years N/A -39.14%
10 years average annual N/A -2.82%
Weekly media advert. rent N/A $450
Time on Market N/A 117.6 days
Gross Rental Yield Percent N/A 7.36%
demographics (median values)*
Total Population
6464
Weekly Household Income
2264
Household Size
2.00
Age
32
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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