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Fannie Bay

POSTAL CODE: NT, 820
HOUSE
UNIT

Property investments in FANNIE BAY fare well against the rest of the country last year, registering a median home price increase of 19.81%.

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

Based on its average 5-year and quarterly capital gains FANNIE BAY, 820 saw average growth in the long term.

Real estate investors could earn a rental income of $825 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,240,000.

FANNIE BAY ranks 53rd on the list of best yielding suburbs for rental properties in NT, posting a 3.46% return.

Surburb overview

"Fannie Bay is a prestigious coastal suburb in Darwin, Northern Territory, offering residents a unique blend of upscale living, scenic beauty and easy access to the city’s amenities.

Fannie Bay is situated approximately 5 kilometres northwest of Darwin’s central business district (CBD). Its prime coastal location provides residents with serene ocean views and a short commute to the heart of the city.

With a population of around 2,000 residents, Fannie Bay is a relatively small yet exclusive community. The suburb attracts a mix of professionals, executives and retirees, creating an affluent and cosmopolitan atmosphere.

Fannie Bay enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and surrounding suburbs. This makes commuting and exploring the city convenient for residents.

The suburb offers a range of high-end amenities. Families with children have access to quality education through nearby institutions like The Essington School Darwin and Darwin Middle School. The Parap Shopping Village, located just a short drive away, provides a variety of boutique shops, dining options and a vibrant market.

Fannie Bay presents numerous recreational opportunities. The iconic Fannie Bay Gaol offers a glimpse into the region’s history and culture, while the Fannie Bay Foreshore provides beautiful walking and jogging paths along the coast. The East Point Reserve, a nearby natural park, is perfect for picnics, wildlife spotting and outdoor activities.

Fannie Bay offers a luxurious coastal lifestyle with easy access to essential amenities and cultural experiences. Its exclusive community, educational options and proximity to the CBD make it an appealing choice for individuals and families seeking a premium and well-connected place to call home in the territory. "

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