FOR SALE
Under Contract

303/39 Cavenagh Street
Darwin City NT 0800

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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8.6% Gross Yield – Leased to July 2025

Investors – If you are looking to secure a unit at the bottom of cycle that boats a really healthy rental yield but also the prospect of growth in coming years then here it is.
Kube 303 (23) a modern inner city apartment in a prime location offering fantastic value for money.
Perfect for investors, regular interstate visitors, first homebuyers and downsizers seeking a low maintenance ultra-convenient modern lifestyle unit which also has the capacity to operate as a high cashflow long or short term accommodation investment.
Shaded from the intense NT heat with a relaxed vibe, this modernistic apartment is located in the heart of the CBD in one of Darwin’s most iconic modern buildings.
The Kube complex is a contemporary art piece on the Darwin skyline directly opposite the GPO and new Charles Darwin University with restaurants, café’s, coffee shops and Woolworths at your doorstep.
The property is one of Darwins most recently constructed includes an indoor swimming pool, gym, formal guest foyer and secure carparking as well.
Key Features:
• Modern two bedroom + study (or 3rd bedroom) inner city apartment
• Study with built in desk easily converted to a 3rd bedroom on this floorplan if required
• Unit 303 (23) is positioned on the 3rd floor with secure intercom and fob key access
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Property Details for 303/39 Cavenagh St, Darwin City

303/39 Cavenagh St, Darwin City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The place is currently for sale with Real Estate Central.

Building Type
Unit

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About Darwin City 0800

The population of Darwin City in 2011 was 4,545 people. By 2016 the population was 6,479 showing a population growth of 42.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation. In 2011, 26.6% of the homes in Darwin City were owner-occupied compared with 22.8% in 2016.

Darwin City has 5,324 properties. Over the last 5 years, Houses in Darwin City have seen a -4.37% decrease in median value, while Units have seen a 27.89% increase. As at 31 October 2024:

  • The median value for Houses in Darwin City is $484,197 while the median value for Units is $410,767.
  • Houses have a median rent of $590 while Units have a median rent of $600.
There are currently 83 properties listed for sale, and 66 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Darwin city.

Suburb Insights for Darwin City 0800

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Clint Dixon
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Daniel Harris
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.