The post-budget guide to commercial property investing

Bayview

POSTAL CODE: NT, 820
HOUSE
UNIT

Property investors enjoyed capital gains of 23.35% over the last 12 months in BAYVIEW, translating to higher 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 4.43% growth over a ten-year period. It ranks 3060th on our list of suburbs that property investors should look into.

BAYVIEW, 820 has a capital gain of 23.35% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in BAYVIEW sitting at $1,030,000, and the average rent at $1000, property owners could potentially earn a 5.05% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BAYVIEW are low, as opposed to average gains per annum over the past five years.

BAYVIEW, 820 in NT belongs to the local government area of Darwin.

Surburb overview

Bayview, postcode 0820, is a residential suburb located in the City of Darwin in the Northern Territory. It is situated approximately four kilometres north-east of Darwin’s central business district, making it a convenient and desirable location for residents who work in or near the city centre.

The population of Bayview is relatively small, with a mix of young professionals, families, and retirees. The suburb is known for its upscale residential developments, featuring modern homes and apartments, many of which have waterfront views due to its proximity to Darwin Harbour and various marinas.

Bayview falls under the jurisdiction of the City of Darwin local government area. Public transportation in the suburb is well-served by several bus routes that connect it to the Darwin CBD and other nearby suburbs. Additionally, its location near major roads such as Tiger Brennan Drive provides easy access for residents travelling by car.

The suburb is well-equipped with essential amenities and services. While Bayview itself is primarily residential, it is conveniently located near several shopping centres, including the nearby Darwin Waterfront Precinct and the Darwin City Centre, which offer a range of retail outlets, dining options, and entertainment facilities. Educational institutions such as Stuart Park Primary School and Darwin High School are also easily accessible from Bayview.

Recreational activities in Bayview are plentiful, with a focus on outdoor and waterfront lifestyles. The suburb is adjacent to the beautiful Bayview Marina, which offers opportunities for boating, fishing, and other water-based activities. The nearby Darwin Harbour provides additional recreational options, including sailing and waterfront dining. Parks and green spaces within and around Bayview offer areas for walking, picnicking, and enjoying the natural environment.

Bayview’s combination of modern living, convenient location, and access to natural beauty makes it an appealing place to live within Darwin. The suburb’s waterfront properties, upscale amenities, and proximity to the Darwin CBD contribute to its status as one of the more sought-after residential areas in the Northern Territory.

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