Property investors enjoyed capital gains of 1.21% over the last 12 months in NIGHTCLIFF, translating to lower returns compared with its peers in NT.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NT suburb obtained a 4.66% growth over a ten-year period. It ranks 1695th on our list of suburbs that property investors should look into.
NIGHTCLIFF, 810 has a capital gain of 1.21% for the past year, which is lower than average compared to its 10.7% growth within a five-year period.
With the median home price in NIGHTCLIFF sitting at $750,000, and the average rent at $650, property owners could potentially earn a 4.51% increase in gross rental yield.
A 1.21% 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 9th.
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 12 month||1.21%||-5.88%|
|Median 3 years||19.43%||-2.15%|
|Median 5 years||10.7%||40.47%|
|10 years average annual||4.66%||6.92%|
|Weekly media advert. rent||$650||$350|
|Time on Market||95.9 days||184.1 days|
|Gross Rental Yield Percent||4.51%||4.04%|