142/21-23 Cavenagh StreetDarwin City NT 0800
Property Details for 142/21-23 Cavenagh St, Darwin City
142/21-23 Cavenagh St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 52m2.
Last Listing description (October 2025)
Right in the heart of Darwin CBD, this second-top-floor studio apartment offers the best of both worlds - prime location and exceptional investment performance.
Inside, you'll find a functional layout and a large spa bath for that touch of indulgence. From your balcony, enjoy sneak-peek ocean views to the north and west plus sparkling city vistas.
For investors, the numbers speak for themselves: a 11.5% gross rental return means strong positive cash flow from day one. Very reasonable body corporate fees and a secure car park further protect your bottom line, while the unbeatable CBD position ensures year-round rental demand.
Highlights:
11.5% gross rental return rare in today's market
Secure car park valuable in the CBD
Walk to shops, cafes, waterfront, and nightlife
Sneak-peek ocean views north & south + city outlook
Whether you're chasing maximum rental yield or a convenient city base, this property delivers on location, lifestyle, and cash flow.
Body Corporate Elite Strata Management (NT)
Body Corporate $1,098.89 p/q approx.
Sinking Fund $319.44 p/q approx.
Council Rates $1,800 p/a approx.
Property History for 142/21-23 Cavenagh St, Darwin City, NT 0800
- 14 Aug 2025Listed for Sale SOLD
- 31 Oct 2022Listed for Rent $300 / week
- 09 Nov 2021Listed for Rent - Price not available
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About Darwin City 0800
The population of Darwin City in 2016 was 6464 people. By 2021 the population was 7149 showing a population growth of 10.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation.In 2021, 22.10% of the homes in Darwin City were owner-occupied compared with 22.80% in 2016.
Darwin City has 5,313 properties. Over the last 5 years, Houses in Darwin City have seen a 3.30% increase in median value, while Units have seen a 32.43% increase. As at 31 May 2026:
- The median value for Houses in Darwin City is $643,251 while the median value for Units is $503,237.
- Houses have a median rent of $750 while Units have a median rent of $650.
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