The top 5 factors to watch for Sydney’s market turn
Many investors are keeping an eye on Sydney’s property market, waiting for the current softening to come to an end. According to one exper...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NT suburb obtained a 1.89% growth over a ten-year period. It ranks 3265th on our list of suburbs that property investors should look into.
NIGHTCLIFF, 810 has a capital gain of -19.08% for the past year, which is lower than average compared to its -16.33% growth within a five-year period.
With the median home price in NIGHTCLIFF sitting at $615,000, and the average rent at $600, property owners could potentially earn a 5.07% increase in gross rental yield.
A -19.08% 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 49th.
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 (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $615,000 | $335,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.91% | 13.95% |
| Median 12 month | -19.08% | 4.77% |
| Median 3 years | -26.79% | -33.76% |
| Median 5 years | -16.33% | -5.62% |
| 10 years average annual | 1.89% | 3.78% |
| Weekly media advert. rent | $600 | $350 |
| Time on Market | 98.5 days | 91.5 days |
| Gross Rental Yield Percent | 5.07% | 5.43% |
Many investors are keeping an eye on Sydney’s property market, waiting for the current softening to come to an end. According to one exper...
Subdividing is a complex game and can be tricky for property investors with limited experience in property development. Here’s some crucia...
A rise in the days on market across the country allows for buyers to take their time and go through negotiations at their own leisure, new a...
New data has shown that Sydney vacancy rates are up compared to this time last year, but are down when looking at month-to-month. ...
Often, the first time a neighbour realises that a renovation project is about to start next door is when they hear the demolition work comme...
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Get notifications in real-time for staying up to date with content that matters to you.