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Nightcliff, NT 0810

Home » NT Real Estate Data » Darwin Municipality, NT » Nightcliff, NT 0810

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Nightcliff, NT 0810 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Nightcliff, NT 0810”

  1. The total adult population (15 years or older) of Nightcliff 0810 NT is 3,214, with a median age of 34. Of those, 42.94% are married, 11.70% are divorced or separated, 42.78% are single and 2.52% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,720. The median monthly mortgage repayment for households in this suburb is $1,972 which is 20.29% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of NT lies the suburb of NIGHTCLIFF 0810, hosting an estimated 2123 households. As we assess the performance of the property market in Q3 of 2023, we can see that the typical prices for houses in NIGHTCLIFF 0810 sit at approximately $966,633. The median weekly rent is trending at $723, producing an indicative yield around 3.89% which meets the minimum attractive market requirement for cash-flow centered property investors. On the socio-economic scale, the suburb has a commendably high IRSAD score of 1067 out of 1200, pointing towards the affluent lifestyle and quality infrastructure of the locality.

    Looking deeper into the market ratios, NIGHTCLIFF does pose some challenges for investors, particularly with a high renter to owner ratio at 54% and an even higher units to houses ratio at 60%. Both these factors could potentially lead to stiffer competition among investors in the long term. A glaring concern arises with the affordability index for houses coming in at an intimidating 39 years, significantly higher than the standard mortgage duration of 30 years.

    In the supply mechanism, NIGHTCLIFF 0810 has a favourable stock on market Percentage at a mere 0.23%, indicating relatively low supply in the market. The inventory level for houses is ideal at 1.0 months. Interestingly, the building approvals Ratio for houses is 0.0%, limiting the future supply of new dwellings in the market.

    The demand signals are strong with houses spending an average of only 18 days on the market before selling, demonstrating high demand for properties in this area. Adding to this positivity, the combined vacancy rate for houses and units is notably low at 0.43%. However, with a buy search index for houses at 3, it indicates a rather neutral demand around the state average.

    Despite some metrics in the unfavourable range for NIGHTCLIFF 0810, it’s crucial to remember that real estate investment success often lies at the intersection of various market factors. For a more exhaustive analysis considering an array of over 80 metrics, investors could refer to the Relative Composite Score (RCS) offered by HtAG Analytics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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