New interest-only loan changes and how they impact property investors
With the announcement that the banking regulator has removed the 30 per cent new lending cap on interest-only loans, we spoke to property ex...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NT suburb obtained a 2.94% growth over a ten-year period. It ranks 2451st on our list of suburbs that property investors should look into.
NIGHTCLIFF, 810 has a capital gain of -7.43% for the past year, which is lower than average compared to its -4.86% growth within a five-year period.
With the median home price in NIGHTCLIFF sitting at $685,000, and the average rent at $650, property owners could potentially earn a 4.93% increase in gross rental yield.
A -7.43% increase in median property prices in NIGHTCLIFF, 810 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 31st.
Figures from the previous quarter show that capital gains for real estate buyers in NIGHTCLIFF are low, as opposed to average gains per annum over the past five years.
NIGHTCLIFF, 810 in NT belongs to the local government area of Darwin.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,000 | $305,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.04% | 0% |
| Median 12 month | -7.43% | -33.41% |
| Median 3 years | -18.93% | -32.97% |
| Median 5 years | -4.86% | -8.96% |
| 10 years average annual | 2.94% | 2.74% |
| Weekly media advert. rent | $650 | $330 |
| Time on Market | 119.6 days | 93.0 days |
| Gross Rental Yield Percent | 4.93% | 5.63% |
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