Suburb Profile Report for Wagaman NT (0810)

Wagaman House: Median price $509,888, Annual capital growth 4.32%, Number of sales 25, Weekly median advertised rent $493

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

Source: CoreLogic

  • House Report
  • Expert Report

Wagaman has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.44% to date .

The five-year average increase in median property values for Wagaman,0810 has given property investors a potential capital gain of -1.57% across each of those five years.

Sellers are offering property buyers an average discount of -6.71% to buyers in Wagaman at the moment, which is less than average for the rest of NT.

Wagaman is 32th on a list of best yielding suburbs for rents in NT with a 5.02% return

Information supplied by:


June 2017

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In line with the state’s decline, Wagaman has seen its prices falling over recent years.Full summary

Just 14km north of Darwin lies the suburb of Wagaman. It is one of the northern suburbs of the capital.

In line with the state’s decline, Wagaman has seen its prices falling over recent years.  In the previous year, negative growth of 5.4% was reported, pulling the median house value down to just over $530,000. 

However, this may be a blessing in disguise as the decreased prices could spur investor investment, especially with Wagaman’s prime location and returns high at an average of 5.4%. Residents have access to a primary school, a local park and a shopping centre in town, while neighbouring Casuarina and its large shopping hub are within close proximity.

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Metrics i HOUSE UNIT
$509,888 N/A
3.02% N/A
-6.44% N/A
4.32% N/A
$493 N/A
25 N/A
5.02% N/A
83.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2108
Median household income ($/weekly) 1689
Median age of persons 33
Median housing loan repayment ($/monthly) 2058
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 313 14.8
    25-34 years 346 16.4
    35-44 years 313 14.8
    45-54 years 286 13.6
    55-64 years 209 9.9
    Others 642 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 669 48.5
    Not Married 572 41.4
    Defacto Relationship 139 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1024 56.6
    Hong Kong 113 6.2
    Philippines 163 9.0
    United Kingdom 58 3.2
    Other 196 10.8
    Others 256 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 88 5.0
    Christianity 1210 68.3
    Hinduism 47 2.7
    Islam 71 4.0
    No Religion 342 19.3
    Others 14 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 45 8.8
    $1,250-$1,499 46 9.0
    $1,500-$1,999 79 15.5
    $2,000-$2,499 80 15.7
    $2,500-$2,999 56 11.0
    Others 205 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 672 47.4
    Not in the labour force 359 25.3
    Employed, worked part-time 236 16.7
    Employed, away from work 100 7.1
    Unemployed, looking for work 50 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 158 15.7
    Technicians & trades workers 197 19.6
    Community & personal service workers 140 13.9
    Clerical & administrative workers 152 15.1
    Labourers 108 10.7
    Others 251 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.0
    Infants/Primary 183 36.8
    Secondary 122 24.5
    Technical or Further Educational Institution 33 6.6
    University or other Tertiary Institutions 106 21.3
    Others 23 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1536 83.4
    Flat, unit or apartment 276 15.0
    Semi-detached, row or terrace house, townhouse 22 1.2
    House or flat attached to a shop, office 7 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 241 41.4
    Rented 213 36.6
    Fully owned 128 22.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals