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The Narrows

POSTAL CODE: NT, 820
HOUSE

THE NARROWS, 820 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NT have risen as a whole, pulling THE NARROWS, 820 values up and netting property investors a capital gain of 37.79% for the past year.

Investors saw the median home price rise to $629,000.

Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.

THE NARROWS now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $665 based on current median home prices.

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

In 2016, 10 properties were sold in THE NARROWS during the past year, making it the 68th most active market in NT based on total real estate transactions.

Surburb overview

"The Narrows, a suburb in the Northern Territory, Australia, is an integral part of the City of Darwin, known for its proximity to central business districts and vibrant community life. It is located within a short drive of Darwin’s CBD, making it an attractive location for residents seeking convenience and accessibility to urban amenities.

The population and demographics of The Narrows reflect a diverse community, though specific population figures require consultation with the latest census data. The local government area overseeing The Narrows is the City of Darwin, which provides various services, including public transportation options, to ensure connectivity within and outside the suburb.

Public transportation in The Narrows is well-serviced, with bus routes facilitating easy access to the Darwin CBD and other key areas, enhancing the suburb’s appeal to commuters and families alike.

Nearby establishments such as schools, malls, and parks contribute to the suburb’s livability. Although specific names of institutions and recreational areas were not detailed in the provided information, the City of Darwin is known for its commitment to community facilities and infrastructure, including educational institutions, shopping centres, and leisure parks, which are likely to be accessible to residents of The Narrows.

Recreational activities in The Narrows and its vicinity are varied, catering to different interests and age groups. The local government supports a wide range of activities and events, from skate parks and aquatic centres to community celebrations and environmental initiatives. These activities not only provide entertainment and leisure options but also foster a sense of community and belonging among residents.

In summary, The Narrows offers a blend of urban convenience and community-oriented living. Its strategic location near Darwin’s CBD, combined with the availability of public transportation and nearby establishments, makes it a desirable suburb for individuals and families. The local government’s active role in providing recreational activities further enhances the quality of life for its residents, making The Narrows a vibrant and inclusive community within the Northern Territory. "

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