Over the last year, property investments in Wagaman, 0810 have given investors a capital gain of -1.19%. This compares favourably with the -3.92% for NT as a whole.
Wagaman,0810 has offered an average of -1.19% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.48% to buyers in Wagaman at the moment, which is less than average for the rest of NT.
At number 1973 in a list of fastest selling suburbs, Wagaman is just in the bottom half of suburbs in Australia with an average of days on market 76.09 for properties listed there.
Wagaman is 35th on a list of best yielding suburbs for rents in NT with a 4.99% return
Information supplied by:June 2017
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In line with the state’s decline, Wagaman has seen its prices falling over recent years.Full summary
Just 14km north of Darwin lies the suburb of Wagaman. It is one of the northern suburbs of the capital.
In line with the state’s decline, Wagaman has seen its prices falling over recent years. In the previous year, negative growth of 5.4% was reported, pulling the median house value down to just over $530,000.
However, this may be a blessing in disguise as the decreased prices could spur investor investment, especially with Wagaman’s prime location and returns high at an average of 5.4%. Residents have access to a primary school, a local park and a shopping centre in town, while neighbouring Casuarina and its large shopping hub are within close proximity.
Original post: http://www.yourinvestmentpropertymag.com.au/top-suburbs/NT-0810-wagaman.aspx