505/5 Gardiner Street, Darwin City, NT 0800 | Property Value & History | OnTheHouse
 
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505/5 Gardiner Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 9 Feb 2026
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Property Details for 505/5 Gardiner St, Darwin City

505/5 Gardiner St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012.

Building Type
Unit
Year Built
2012
Local Government
Darwin

Last Listing description (October 2016)

The majority of investors identify the opportunity for low-risk investment and are eager to invest in the NRAS Scheme.
Currently rented for $425 per week until August 2015 and with 8 years left on the scheme, you are guaranteed high rental returns, positive cash flow and a high rental demand, plus an annual Government payment of $10,350.00!
The Zest Apartments have other NRAS units within the building and are conveniently managed by Roost Realty who are located on the ground floor of this complex.

Located in the heart of the Darwin CBD, this fully furnished, low maintenance, one bedroom plus study apartment is the perfect no-hassle investment to add to your property portfolio.
This apartment offers an extremely functional open plan layout with a generously sized balcony.
The apartment is air-conditioned and tiled throughout, with built-in robes in the bedroom and overhead cupboards along with a single pull out bed in the study area.
The complex offers secure parking and lift key access to give you that piece of mind. Relax and unwind beside the 15m rooftop lap pool, with views of the city and harbor.
Please call Irene Petrakis 0431 406 183 or Nick Syrimi 0412 537 638.
Currently rented: $425 per week + NRAS payment
Lease Expiry: August 2016
NRAS Scheme: 8 years left on Scheme + $10,350 paid annually
Year Built: 2010
Council Rates: approx. $1,350 per annum
Body Corporate: Altitude Management NT
Body Corporate Fee's: $4,360.40 per annum
Area Under Title: 63 sqm
Zoning: CB (Central Business)

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Property History for 505/5 Gardiner St, Darwin City, NT 0800

A timeline of how this property has performed in the market
  • 15 Apr 2015
    Listed for Sale OFFERS WELCOME
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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 5,303 properties. Over the last 5 years, Houses in Darwin City have seen a -11.90% decrease in median value, while Units have seen a 39.23% increase. As at 31 January 2026:

  • The median value for Houses in Darwin City is $473,056 while the median value for Units is $472,893.
  • Houses have a median rent of $650 while Units have a median rent of $645.
There are currently 44 properties listed for sale, and 50 properties listed for rent in Darwin city on OnTheHouse. According to Cotality's data, 377 properties were sold in the past 12 months in Darwin city.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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