102/29 Daly Street, Darwin City NT 0800

102/29 Daly Street, Darwin City | 1-bed unit, 121sqm lot | strong rental yield suburb | building has recent sales evidence | centrally located in growth market This unit offers a rare combination of generous lot size within a strata complex and a suburb posting 8.4% annual growth with 8.2% median rental yields for one-bedroom units. The building’s recent sale of a two-bedroom unit at $440,000 in March 2025, now renting at $650 per week, provides a clear benchmark for achievable income. For an investor or an owner-occupier wanting central access with low maintenance, the property sits in a proven rental corridor and benefits from being in a school catchment area, which supports tenant demand. The availability of comparable units in the same building at lower price points gives a buyer negotiating leverage, while the larger-than-typical floor plan differentiates this unit from smaller one-bedroom offerings in the market. The primary risk is the slower market pace, with an average 87 days on market, meaning a buyer may need patience to secure a discount from the $450,000 asking price, especially given the in-building one-bedroom comparator at $415,000. Overpaying relative to those comps would compress the yield below the suburb median. An opportunity exists to negotiate toward the $410,000 to $440,000 estimate range, then hold for rental income at an expected $500 to $600 per week, which would deliver a gross yield near 7%. The property should be used as a buy-and-hold rental given the yield profile, with potential for capital growth tied to Darwin City’s upward trend.