Alawa tops list of 2017 Darwin property hotspots for investing in houses

Alawa tops list of 2017 Darwin property hotspots for investing in houses
Alawa tops list of 2017 Darwin property hotspots for investing in houses

Alawa takes the equal top spot as Darwin's 2016/2017 hotspot for investing in houses with an expected increase of three percent over the next 12 months.

The current median price at Alawa is $570,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

Alawa tops list of 2017 Darwin property hotspots for investing in houses

An example would be a three bedroom house at 105 Alawa Cresecent (above) that is currently on sale for over $610,000, which is $40,000 more than the median price.

Alawa tops list of 2017 Darwin property hotspots for investing in houses

Similarly a three bedroom house at 47 Britomart Gardens (above) was recently sold for $595,000, which is $25,000 above the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Fannie bay as equal best hotspot.

Suburb            Postcode       Median price       12 month forecast

Alawa             810               $570,000                         3%

Fannie Bay     820                $900,000                         3%

Moil               810                $564,500                        2%

Malak            812                 $545,000                        2%

Tiwi              810                 $556,000                        2%

Wanguri        810                 $591,250                        2%

Leanyer        812                  $593,250                        2%

Rapid Creek   810                 $706,500                        2%

Stuart Park    820                  $686,000                        2%

Millner          810                  $590,000                        2%

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