Prospective home buyers seeking strong capital gains should look no further than property in Alawa, Moil and Wagaman and other regions surrounding Darwin.
Figures from the latest RP Data – Rismark Home Value Index show the March quarter saw a 3.5 per cent capital gain. Except for Perth, this value growth was felt in every capital city in the country.
“Based on today’s RP Data Rismark results, dwelling values have risen by a cumulative 15.8 per cent since the growth cycle commenced in June 2012,” stated an April 1 media release.
“[RP Data Research Director Tim Lawless] noted that a majority of this growth has occurred since June last year.”
Property buyers in Darwin should also be glad to hear that the Northern Territory capital city posted the highest rental yields in the nation.
Darwin houses boasted a gross rental yield of 5.9 per cent while Darwin units posted rental yields of 6.2 per cent. This is great news for potential residential property investors in the Darwin region.
By purchasing properties in areas with high rental yields and streamlining the process further by investing in residential property management, investors can count on a steady income with a minimum of hassle.