Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $642,500, Annual capital growth 3.82%, Number of sales 31, Weekly median advertised rent $540

Rapid Creek Unit: Median price $375,000, Annual capital growth 5.18%, Number of sales 45, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Rapid Creek have tracked just lower than the NT average of -5.47% over the last 12 months.

The five-year average increase in median property values for Rapid Creek,0810 has given property investors a potential capital gain of 10.78% across each of those five years.

Property investors looking for a bargain in Rapid Creek should be aiming for at least -6.61% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Renters in Suburb are facing rents around $6480 per annum or $540 every week.

Rapid Creek, 0810 ranked 22th in NT when comparing growth in median property values or capital gain over the last 12 months. Rapid Creek is one of 124 in our list for NT

Over the longer term, Rapid Creek has seen property prices show investors a -29.11% return over the last 3 years. This is an improvement over the last 12 months

At number 8th of NT’s most discounted properties, Rapid Creek is in the middle of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.55%, without taking into account capital value appreciation, which has been averaging out at 5.18%.

Metrics i HOUSE UNIT
$642,500 $375,000
N/A 7.14%
-8.87% -16.67%
3.82% 5.18%
$540 $400
31 45
4.37% 5.55%
67.68 94.86

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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
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