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Stuart Park

POSTAL CODE: NT, 820
HOUSE
UNIT

Property investments in STUART PARK did not fare well against the rest of the country last year, registering a median home price decrease of 14.79%.

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

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

Real estate investors could earn a rental income of $920 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 79.7 days.

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

Property investors perceived the median home price rise to $892,500.

STUART PARK ranks 41st on the list of best yielding suburbs for rental properties in NT, posting a 5.36% return.

Surburb overview

"Stuart Park is a vibrant and centrally located suburb in the City of Darwin, offering residents a convenient urban lifestyle with access to essential amenities and the cultural diversity of Darwin. Positioned just a stone’s throw from the central business district (CBD), Stuart Park combines city living with suburban charm.

Stuart Park is conveniently situated approximately 2 kilometres north of Darwin’s CBD. Its close proximity allows residents to easily access the city’s amenities while residing in a relaxed suburban environment.

With a population of around 4,000 residents, Stuart Park is a diverse and cosmopolitan community. The suburb attracts a mix of professionals, young families and students, creating a dynamic blend of cultures and backgrounds.

Stuart Park enjoys excellent public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Stuart Park Primary School and St Mary’s Catholic Primary School. The nearby Parap Village Shopping Centre has a variety of retail shops, dining options and a bustling market every Saturday.

Stuart Park presents a range of recreational opportunities. The nearby George Brown Darwin Botanic Gardens provide a tranquil setting for nature lovers. The scenic waterfront along Frances Bay has walking and cycling paths with beautiful harbour views. Residents can also explore nearby cultural attractions like the Museum and Art Gallery of the Northern Territory.

Stuart Park offers a convenient urban lifestyle with easy access to essential amenities and the cultural richness of Darwin. Its diverse and cosmopolitan community, educational institutions and proximity to the CBD make it an appealing choice for individuals and families seeking a dynamic yet relaxed place to call home in the territory."

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