Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $665,000, Annual capital growth 4.64%, Number of sales 30, Weekly median advertised rent $543

Rapid Creek Unit: Median price $337,500, Annual capital growth 4.17%, Number of sales 42, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Rapid Creek, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.67%

Over the longer term, Rapid Creek has seen property prices show investors a -5.00% return over the last 3 years. This is worse than over the last 12 months

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.65% offered to property buyers. Sellers in Rapid Creek itself are offering an average vendor discount of -8.00% to real estate investors.

Residents and property investors in Rapid Creek have been waiting around 89.85 days to sell a property.

Property investors who have had real estate in Rapid Creek, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.99%

A -11.07% growth in median value for property investors in Rapid Creek,0810 puts this suburb at number 1st in terms of best performing suburbs in NT

Property buyers and investors in Rapid Creek 0810 should be seeing an average reduction in asking price of around -11.40% . This means that Rapid Creek is holding prices well when compared to other suburbs in NT.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Rapid Creek, 0810’s gross rental yield is 6.16%

HOUSE UNIT
$665,000 $337,500
N/A 8.52%
-5.67% -23.99%
4.64% 4.17%
$543 $400
30 42
4.24% 6.16%
89.85 117.5

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals