OFF MARKET

50 University Avenue
Durack NT 0830

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 140m2
Land area: 508m2
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Property Details for 50 University Ave, Durack

50 University Ave, Durack is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 508m2 and floor size of 140m2.

Building Type
House
Year Built
2013
Floor Size
140m2
Land Size
508m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 9765

Last Listing description (March 2013)

DUAL NRAS HOMES WITH GRANNY FLATS IN DURACK NT TITLING IN NOV FROM $653000 TO $700950
JUST RELEASED IN DURACK (A SUBURB OF PALMERSTON NT), 10-BLOCKS OF LAND SUITABLE FOR A 3BR + 1BR GRANNY FLAT BILLABONG OR A 4BR + 1BR GRANNY FLAT MATILDA HAVE JUST BEEN RELEASED TO THE MARKET 27/3. ALL 10 LOTS ARE PROVIDED WITH 2 NRAS PAYMENTS PER YEAR IE $20,000! THE FOLLOWING LOTS ARE NOW AVAILABLE: 226, 242, 272, 273, 274, 286, 289, 299, 300 & 303 CORNER LOTS ARE 226, 242 & 272 AND ARE $8,000 IN ADDITION TO THE PURCHASE PRICE. TITLES ARE EXPECTED IN NOVEMBER 2013. LOW PRICES ARE DUE TO BLOCKS BEING UNTITLED. LAND REQUIRES A 10% DEPOSIT REQUIRED AT SIGNING OF CONTRACT. NOTHING MORE TO PAY UNTIL NOVEMBER. THERE IS NO FINANCE CLAUSE. NRAS FOR SALE CAN ASSIST WITH THE FINANCE APPROVAL IF REQUIRED. WITH VIEWS TOWARDS THE DARWIN CBD, THE HEIGHTS, DURACK IS A NATURALLY ELEVATED DEVELOPMENT CONVENIENTLY LOCATED ONLY 18 MINUTES FROM CAVENAGH STREET IN THE CITY, 2 MINUTES FROM PALMERSTON CITY CENTRE, 20 MINUTES FROM CASUARINA SHOPPING CENTRE AND 17 MINUTES FROM DARWIN AIRPORT. DESIGNED TO DELIVER AN ENVIABLE LIFESTYLE FOR PEOPLE OF ALL AGES, YOU''LL ENJOY EXTENSIVE PARKLAND, A STRONG SENSE OF COMMUNITY, FIRST CLASS FACILITIES, AND EASY ACCESS TO EVERYTHING YOU COULD POSSIBLY NEED. THESE PROPERTIES ACCOMMODATES 2 SEPARATE TENANCIES CONSISTING OF EITHER A 3 OR 4BR HOME AND A 1BR SELF CONTAINED GRANNY FLAT. DURING THE YEAR, TERRITORIANS WERE PAYING RENTS OF UP TO $1,000 PW FOR A 4BR HOME AND UP TO $1,200 PW FOR A 5BR HOME. DON''T FORGET THE TAXATION BENEFITS THAT NEGATIVE GEARING PROVIDES, OR THE VALUATION INCREASES THESE PROPERTIES GENERATE. **THESE PROPERTIES ARE VERY CASH-FLOW POSITIVE!** THIS PROPERTY IS PROVIDED WITH TWO (OPTIONAL) NRAS PAYMENTS OF $9,981* + $9,981* PER YEAR FOR 10-YEARS. *NRAS INCREASES IN VALUE BY CPI IN APRIL 2013. EXPECT AN ADDITIONAL $800 P.A. DOWNLOAD THE ORDER FORM: HTTP://WWW.PLATINUMWEALTH.COM.AU/PDF/SALESINSTRUCTIONDURACK27MAR2013.PDF INVESTORS WISHING TO PURCHASE NEED TO PRINT OFF THE EXPRESSION OF INTEREST, COMPLETE AND RETURN TO ROBERT KIRK FOR PROCESSING. ONCE SALES REGISTRATION IS SUBMITTED, YOU WILL BE SENT A REFERENCE NUMBER FOR THE $1,000, THIS NEEDS TO BE DEPOSITED INTO WARD KELLERS TRUST ACCOUNT. BUYERS REQUIRING IMMEDIATE FINANCE APPROVAL CAN CALL ROBERT KIRK ON 07 3666 0126 24/7. DOWNLOAD: ETHAN HTTP://WWW.NRASINDARWIN.COM.AU/PDF/NRAS-BROCHURE-ETHAN.PDF

Property History for 50 University Ave, Durack, NT 0830

A timeline of how this property has performed in the market
  • 28 Mar 2013
    Listed for Sale $653,000

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About Durack 0830

The size of Durack is approximately 3 square kilometres. It has 14 parks covering nearly 18.5% of total area. The population of Durack in 2011 was 2,873 people. By 2016 the population was 3,545 showing a population growth of 23.4% in the area during that time. The predominant age group in Durack is 30-39 years. Households in Durack are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Durack work in a trades occupation. In 2011, 40.5% of the homes in Durack were owner-occupied compared with 43.4% in 2016.

Durack has 1,601 properties. Over the last 5 years, Houses in Durack have seen a 34.22% increase in median value, while Units have seen a 24.65% increase. As at 31 July 2024:

  • The median value for Houses in Durack is $584,277 while the median value for Units is $361,004.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 25 properties listed for sale, and 6 properties listed for rent in Durack on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Durack.

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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.