Parap place to watch
a fabulous decision. “Parap is the number one place to live,” he said.
“There’s good facilities and shops. I’m a member of the Sailing Club, which is conveniently nearby.
“I have no hesitation in recommending it to single people because it’s secure.”
Since 2003 Mr Cuthbertson’s unit has had three tenants, all who loved living in the area.
Elders agent Ross Tsounias said properties in Parap attracted plenty of attention.
“Parap is the perfect location. It’s between Fannie Bay, the city and Ludmilla. It’s close to everything you need,” he said.
“The future potential is immense. The amenities people need are within reach like shops, schools, parks, the ocean and the city. It’s the perfect lifestyle.”
Data from realestate.com showed from December 2017 to December 2018, 29 units in Parap were sold at a median price of $360,000.
In comparison, 17 houses were sold in Parap in the same period, for a median price of $725,000.
The report also showed rental rates for apartments increased by 2.3 per cent, with a high average yield of 6.9 per cent.
Mr Tsounias said the amenities and land sizes in Parap were the biggest drawcards for potential buyers.
“There’s a huge interest with schools. Parap is within reach of Darwin Middle and Darwin High,” he said,
“A lot of the businesses in the vicinity have established names. You can go to the Parap markets, visit Parap Fine Foods, get a coffee and there’s your day.
“The area is also very raw; there hasn’t been any developments. People like the greenery and the block sizes are hard to find in suburbs so close to the city.” he said.
Mr Tsounias said block sizes ranged from a minimum of 800 sqm to an average of 1200-1300 sqm.
“The area offers growth,” he said.
14/12 Mackillop St is one of many properties being sold in the popular suburb of Parap LIFTOUT INSIDE