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Property investors enjoyed capital gains of 14.07% over the last 12 months in MOIL, translating to lower returns compared with its peers in NT.
Figures from the previous quarter show that capital gains for real estate buyers in MOIL are low, as opposed to average gains per annum over the past five years.
The suburb posted a 11.11% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
On average, rents on listings have reached the $650 mark, reflecting a 5.63% increase in returns based on the current median price in MOIL.
MOIL, 810 ranks 19th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 33rd on the list of best yielding suburbs for rental properties in NT, posting a 5.63% return.
"Moil is a well-established and family-friendly suburb in the Northern Territory, under the jurisdiction of the City of Darwin, offering residents a comfortable suburban lifestyle with access to essential amenities and a strong sense of community.
Moil is conveniently situated approximately 12 kilometres northeast of Darwin’s central business district (CBD). Its central location allows residents to enjoy the city’s amenities while residing in a peaceful suburban environment.
With a population of around 2,000 residents, Moil is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.
Moil enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.
The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Moil Primary School and Jingili Primary School. The nearby Casuarina Square Shopping Centre has a range of retail shops, dining options and entertainment facilities.
Moil presents a range of recreational opportunities. The suburb features several parks, playgrounds and green spaces, making it ideal for outdoor activities and family outings. The nearby Jingili Water Gardens is a popular destination for picnics and birdwatching. Moil’s proximity to the Casuarina Coastal Reserve allows residents to explore nature trails, enjoy beachside picnics and swim in the ocean.
Moil provides a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "