Last updated on September 5th, 2023
best places to Airbnb in Northern Territory
Key Takeaways
- The affordable real estate market, economic growth, and great living conditions have helped many property investors to enjoy financially rewarding experiences in Darwin.
- Discover the benefits that real estate investors can enjoy when investing in Darwin, NT.
- We unveil the 10 most profitable suburbs in Darwin, Australia including their recommended property types and their corresponding Airbnb data.
Introduction
Flanked by the Timor Sea, the Arafura Sea and the Gulf of Carpentaria, we can find the state of the Northern Territory. This region is home to a rich aboriginal culture, emblematic natural landscapes and native wildlife. For this reason, the Nothern Territory is a popular destination in Australia.
Among the most popular cities of NT is Darwin, its capital where one can enjoy plenty of thrilling experiences and opportunities. While Darwin is the smallest capital city in Australia, it’s a prime travel destination thanks to its dynamic business environment and abundant gifts of nature.
Darwin is also one of the most profitable Airbnb locations in Australia and offers the highest average monthly revenue among all the Australian cities according to our previous blog.
In this article, we’ll feature the best places to own an Airbnb in Darwin, Northern Territory. You will also learn some of the expectations for real estate investments in this city. Stoked to learn more? Then continue reading!
Why invest in rental properties in Darwin, Australia?
Owning rental properties in Darwin can be a great way to generate a nice income stream because it offers attractive investment opportunities to real estate investors. Living or investing in this city means that you will have access to striking natural landmarks and cultural experiences.
But what are the advantages that Darwin’s rental market offers to investors? Check out some of the reasons why owning an investment property in Darwin is a good idea:
Reasonable real estate market price
One of the top reasons for investing in Darwin is that its real estate market is quite affordable compared to other Australian capital cities. The average property price in Darwin is A$582,415 based on the CoreLogic House Value Index. Additionally, rent prices are 3.67% lower than the national average.
Thriving economy
In Northern Territory, Darwin enjoys a strong position being the financial and business capital of the state with a highly skilled workforce.
The labor market is thriving in Darwing, being regarded as one of the easiest cities to find a job in Australia. Among the sectors that contribute the most to Darwin’s economy are mining, tourism, trade, and offshore oil & gas production.
Great quality of life
Living in Darwin means that you get to experience a laid-back lifestyle with easy access to good-quality amenities, recreational facilities, a reliable healthcare system, and great educational & career opportunities.
Darwin is quite a dynamic and eclectic city where you can enjoy natural and cultural experiences alike. It has a multicultural and accepting environment, so it’s easy to feel embraced by the community in this city.
Wide array of leisure options
With plenty of cultural experiences, rich history, and natural attractions, Darwin surely catches the attention of national and international travelers. It’s a given fact that you’ll always have something to do around the city because “Darwin” and “boring” don’t fit in the same sentence.
If you’re an outdoor lover, then you will see Darwin as a small piece of natural paradise since it serves as a getaway to iconic recreational sites such as the Kakadu National Park and Litchfield National Park. On the other side, this bustling city also offers a great cultural & art scene! There’s no lack of museums, music festivals, art exhibitions, craft markets, sports competitions, and amazing restaurants.
Top market for Airbnb investment properties in Australia
Darwin certainly is a catch for property investors since it has many positive sides such as its affordable real estate market, growing economy, and good living conditions. What’s more, Darwin also stands out as one of the best places for Airbnb investment properties in Australia with many opportunities that offer financial stability to investors.
So if you wish to generate a nice passive income, then you should think about stepping into the Airbnb world because it can provide a rewarding experience.
Is Airbnb Profitable in Darwin, NT?
Are you concerned that your Airbnb listing in Darwing won’t make a good profit? Don’t fret anymore! Airbtics confirms that investing in the rental market in Darwin is profitable. Yet, you should take into account that the level of profitability depends on a variety of metrics such as the property type and location.
Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of A$90,524 and a median occupancy rate of 73% for operating a 2-bedroom property in Darwin.
Top 7 Most Profitable Airbnb Locations to Invest in Darwin, Australia
Northern Territory comprises 17 local government areas. Meanwhile, Darwin has over 44 suburbs. Consequently, you can already guess that the profitability is different in each of them. Understandably, it may be a challenge to choose a suitable place to buy rental properties around Darwin Territory.
Check out the best suburbs in Darwin, NT that are highly recommended for rental properties:
1. Darwin City
- Total Number of Airbnb Listings: 272
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$441,250
- Airbnb Annual revenue: A$104,836
- Gross rental yield: 23.76%
2. Rapid Creek
- Total Number of Airbnb Listings: 23
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$400,000
- Airbnb Annual revenue: A$88,514
- Gross rental yield: 22.13%
3. Nightcliff
- Total Number of Airbnb Listings: 37
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$390,500
- Airbnb Annual revenue: A$78,442
- Gross rental yield: 20.09%
4. Stuart Park
- Total Number of Airbnb Listings: 24
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$400,000
- Airbnb Annual revenue: A$76,813
- Gross rental yield: 19.20%
5. Larrakeyah
- Total Number of Airbnb Listings: 38
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): A$390,000
- Airbnb Annual revenue: A$76,528
- Gross rental yield: 19.62%
6. Parap
- Total Number of Airbnb Listings: 27
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): A$270,000
- Airbnb Annual revenue: A$42,098
- Gross rental yield: 15.59%
7. Fannie Bay
- Total Number of Airbnb Listings: 20
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): A$260,000
- Airbnb Annual revenue: A$41,125
- Gross rental yield: 15.82%
LOOKING FOR THE PRIME RENTAL MARKETS IN AUSTRALIA?
Discover more Airbnb top markets in Australia and secure your short-term rental success!
Summary
Overall, rental properties in Darwin offer real estate investors promising investment opportunities that guarantee the cash-on-cash return. Albeit it is always worth analyzing all the options with care, which is why we recommend making use of Airbtics’ free Airbnb profit estimator.
Now that you discovered the best places to Airbnb in Darwin, Northern Territory, go further and make data-based decisions to improve your strategies using an Airbnb analytics tool! Maximize your gains and stand out in the Airbnb world now!
