Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $657,500, Annual capital growth 4.09%, Number of sales 32, Weekly median advertised rent $540

Rapid Creek Unit: Median price $355,000, Annual capital growth 4.44%, Number of sales 43, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Rapid Creek is an average performer in NT when comparing median price capital growth over the last year. Rapid Creek gave property investors a average capital gain figure when compared to the rest of the state, with -6.74%.

Over the longer term, Rapid Creek has seen property prices show investors a -6.07% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rapid Creek, 0810. Typically our figures indicate that -7.62% is being offered, which puts this NT suburb at 960th most discounted overall in Australia.

Advertised rents are around the $540 mark per week – giving a return of 4.27% based on the median price in Suburb

Investment property in Rapid Creek has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -23.24%

While Rapid Creek,0810 ranked number 2nd in NT for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

The most recent median price for Rapid Creek is $355000, with sellers offering an average of -10.36% off the asking price.

Rapid Creek, 0810’s gross rental yield is 5.86%

HOUSE UNIT
$657,500 $355,000
-2.23% 5.19%
-6.74% -23.24%
4.09% 4.44%
$540 $400
32 43
4.27% 5.86%
86.2 120.14

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3267
Median household income ($/weekly) 1724
Median age of persons 35
Median housing loan repayment ($/monthly) 1885
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 325 9.9
    25-34 years 661 20.2
    35-44 years 554 17.0
    45-54 years 448 13.7
    55-64 years 381 11.7
    Others 899 27.5
    Age Group
    Census Count Percent(%)
    Not Married 972 46.3
    Registered Married 785 37.4
    Defacto Relationship 343 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1972 72.4
    Papua New Guinea 71 2.6
    Philippines 57 2.1
    United Kingdom 154 5.7
    Other 155 5.7
    Others 313 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 3.1
    Christianity 1420 54.8
    Hinduism 49 1.9
    Islam 52 2.0
    No Religion 952 36.8
    Others 38 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 88 9.1
    $1,500-$1,999 136 14.1
    $2,000-$2,499 108 11.2
    $2,500-$2,999 97 10.0
    $3,000-$3,499 96 9.9
    Others 441 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1222 54.3
    Not in the labour force 458 20.3
    Employed, worked part-time 405 18.0
    Employed, away from work 107 4.8
    Unemployed, looking for work 60 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 212 12.2
    Professionals 569 32.8
    Technicians & trades workers 209 12.0
    Community & personal service workers 195 11.2
    Clerical & administrative workers 228 13.1
    Others 322 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.9
    Infants/Primary 190 30.5
    Secondary 141 22.7
    Technical or Further Educational Institution 45 7.2
    University or other Tertiary Institutions 177 28.5
    Others 26 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1542 56.7
    Flat, unit or apartment 625 23.0
    Semi-detached, row or terrace house, townhouse 544 20.0
    Improvised home, tent, sleepers out 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 561 51.9
    Being purchased 301 27.9
    Fully owned 211 19.5
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals