Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $700,000, Annual capital growth 3.99%, Number of sales 28, Weekly median advertised rent $600

Rapid Creek Unit: Median price $398,000, Annual capital growth 6.15%, Number of sales 29, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.26% for the last 12 months, Rapid Creek, 0810 has performed for property investments than its average annual 3.99% property growth over the last 5 years.

While Rapid Creek,0810 ranked number 3rd in NT for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.

Our latest figures would indicate that property sellers in Rapid Creek are currently offering property investors an average price cut of -7.45% below the asking price at the moment.

Over the last year, property investments in Rapid Creek, 0810 have given investors a capital gain of 27.97%. This compares very favourably with the -1.67% for NT as a whole.

While Rapid Creek,0810 ranked number 10th in NT for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.

Rapid Creek0810 is located in NT which offers an average discount of -8.24% to property investors. Rapid Creek itself is showing figures that indicate -6.08% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$700,000 $398,000
7.69% 0.51%
5.26% 27.97%
3.99% 6.15%
$600 $380
28 29
4.46% 4.96%
84.7 71.15

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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