Suburb Profile Report for Alawa NT (0810)

Alawa House: Median price $595,000, Annual capital growth 6.77%, Number of sales 22, Weekly median advertised rent $510

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Alawa is in the TOP 10% in NT when comparing median price capital growth over the last year. Alawa gave property investors a very good capital gain figure when compared to the rest of the state, with 6.57%.

The five-year average increase in median property values for Alawa,0810 has given property investors a potential capital gain of 27.21% across each of those five years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.62% offered to property buyers. Sellers in Alawa itself are offering an average vendor discount of -5.04% to real estate investors.

With the median price for a house in Alawa being $595000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 4.46%

YIP MAG Information supplied by:

YIP MAG
May 2016

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Waterfront residences, generous houses and proximity to everything Darwin has to offer has set the suburb of Alawa in top spot for renter demand.Full summary Waterfront residences, generous houses and proximity to everything Darwin has to offer has set the suburb of Alawa in top spot for renter demand.

Enjoying a vacancy rate of 0.48% – the lowest in the NT, according to REI data – and a rental return of over 5%, Alawa is defying the Darwin market downturn.

This is in part due to its high number of detached three-bedroom houses, which real estate agents confirm are the most highly sought-after dwelling type in the NT.

With the exception of 2011 when its values dropped 5%, in line with an overall Darwin market depression, Alawa has experienced excellent positive growth for the past decade.

Located 10 minutes’ drive from Darwin CBD, 20 minutes from satellite city Palmerston, and a quick jaunt from the popular dining and nightlife suburb of Nightcliff, Alawa is popular with university students and families.

Paul Herron, owner/principal at Belle Property Darwin, says “Alawa is an older, established, leafy suburb next to the Charles Darwin University campus, Menzies School of Health Research, Casuarina Shopping Centre [and] close to Royal Darwin Hospital”.

Properties on streets around Stasinowsky Street fetch prices at the higher end of the median, although neighbouring Lakeside Drive is a major thoroughfare, with values below the median due to its congestion and road noise.
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HOUSE UNIT
$595,000 N/A
5.22% N/A
6.57% N/A
6.77% N/A
$510 N/A
22 N/A
4.46% N/A
65.2 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
Find a mortgage broker in Alawa NT
Demographics
Total population 2121
Median household income ($/weekly) 1602
Median age of persons 34
Median housing loan repayment ($/monthly) 1925
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 310 14.6
    25-34 years 334 15.7
    35-44 years 330 15.5
    45-54 years 280 13.2
    55-64 years 276 13.0
    Others 593 27.9
    Age Group
    Census Count Percent(%)
    Not Married 616 44.6
    Registered Married 599 43.4
    Defacto Relationship 165 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1198 66.1
    Hong Kong 48 2.6
    Philippines 81 4.5
    United Kingdom 74 4.1
    Other 188 10.4
    Others 224 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 3.0
    Christianity 1121 63.7
    Hinduism 36 2.0
    Islam 47 2.7
    No Religion 485 27.5
    Others 19 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 63 11.7
    $1,250-$1,499 59 10.9
    $1,500-$1,999 76 14.1
    $2,000-$2,499 65 12.1
    $2,500-$2,999 48 8.9
    Others 228 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 690 47.6
    Not in the labour force 387 26.7
    Employed, worked part-time 242 16.7
    Employed, away from work 81 5.6
    Unemployed, looking for work 49 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 99 9.8
    Professionals 249 24.6
    Technicians & trades workers 160 15.8
    Community & personal service workers 116 11.5
    Clerical & administrative workers 138 13.6
    Others 251 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.3
    Infants/Primary 165 33.7
    Secondary 127 25.9
    Technical or Further Educational Institution 36 7.3
    University or other Tertiary Institutions 117 23.9
    Others 19 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1444 78.4
    Semi-detached, row or terrace house, townhouse 291 15.8
    Flat, unit or apartment 104 5.6
    Improvised home, tent, sleepers out 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 252 40.8
    Rented 207 33.5
    Fully owned 155 25.1
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals