12/7 Finniss Street, Darwin City NT 0800

3-bedroom apartment, 83sqm, Darwin City | 6.3–8.95% yield, above suburb median | Larrakeyah school catchment | no flood or bushfire risk This apartment offers a rare combination of size and yield in a compact Darwin City market. The 83sqm floorplan with two car spaces gives it a practical edge over newer, smaller units, and the rental yield of 6.3 to 8.95% sits well above the suburb median of 6.4%. For an investor or an owner-occupier wanting income offset, this property positions you with strong cash flow from day one. The school catchment and absence of flood or bushfire risk reduce insurance and holding costs, which matters in a slower market where days on average hit 89. The main risk is the 2.3% value decline over the past year, meaning capital growth is not the near-term story. Buyers should treat this as a hold for yield, not a flip. The 2009 purchase price of $340,000 shows limited long-term appreciation, so any offer must be anchored to income return not future uplift. Opportunity lies in negotiating below the mid-point estimate given the market softness and using the rental income to service debt. Hold this property for cash flow, not speculation.