304/29 Daly Street, Darwin City NT 0800
304/29 Daly Street, Darwin City NT 0800
3-bedroom apartment | 2016 build | 175sqm floorplan | Darwin City | strong rental yield potential
This is an unusually large three-bedroom apartment in a market where most stock is either older or smaller. The 2016 build means modern construction standards and lower ongoing maintenance, while the 175sqm floorplan competes more with townhouses than typical units. The complex gym and pool add lifestyle appeal that supports both owner-occupier interest and rental demand. It best suits a buyer wanting space and amenity without a house, or an investor targeting the professional tenant market in Darwin City.
The main risk is the mixed listing status, which may indicate a recent tenancy change or delayed sale. Strata fees and any special levies need verification, as these can erode yield in a complex with pool and gym. The absence of flood or heritage overlay is a positive, but the property’s position within the Larrakeyah Primary and Darwin High catchment adds long-term resale depth. If currently tenanted, the estimated $815 per week rent provides a moderate yield that should improve as Darwin’s rental market tightens.
Detailed Independent Property Report prepared by PropCred Analyst team for 304/29 Daly Street, Darwin City NT 0800
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Darwin City presents as a tightly held, apartment-dominant inner-city market experiencing a robust recovery. Investor demand is particularly strong, driven by compelling rental yields and significant cash-flow appeal, supported by firm rental growth. Recent price momentum is evident across both houses and units, fueled by constrained supply and resilient demand. Future growth is underpinned by this supply-demand imbalance and strong total returns, though the market faces headwinds from higher holding costs and borrowing constraints which temper affordability advantages.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
175m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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