Suburb Profile Report for Fannie Bay NT (0820)

Fannie Bay House: Median price $918,000, Annual capital growth 3.71%, Number of sales 17, Weekly median advertised rent $900

Fannie Bay Unit: Median price $655,000, Annual capital growth 9.55%, Number of sales 34, Weekly median advertised rent $425

  • 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 Fannie Bay, 0820 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 -9.38%

Fannie Bay,0820 has offered an average of -9.38% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -9.37% to buyers in Fannie Bay at the moment, which is less than average for the rest of NT.

In the last year 17 properties changed hands in Fannie Bay, which puts it as the 40th most active market in NT when comparing the number of sales per suburb.

A $900 per week rent on the median house gives suburb investors a gross yield of circa 5.10%, without taking into account capital value appreciation, which has been averaging out at 3.71%.

Investment property in Fannie Bay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.95%

The five-year average increase in median property values for Fannie Bay,0820 has given property investors a potential capital gain of 28.43% across each of those five years.

Fannie Bay, 0820 is offering NT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NT.

Situated 4.26km from the CBD, Fannie Bay is one of Darwin localities in the postcode 0820.

HOUSE UNIT
$918,000 $655,000
-3.37% 3.15%
-9.38% 1.95%
3.71% 9.55%
$900 $425
17 34
5.10% 3.37%
86.81 112.84

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 2514
Median household income ($/weekly) 1949
Median age of persons 40
Median housing loan repayment ($/monthly) 2500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 264 10.5
    25-34 years 387 15.4
    35-44 years 393 15.6
    45-54 years 408 16.2
    55-64 years 353 14.0
    Others 710 28.2
    Age Group
    Census Count Percent(%)
    Not Married 774 43.2
    Registered Married 738 41.2
    Defacto Relationship 280 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1742 75.9
    Hong Kong 24 1.0
    Papua New Guinea 72 3.1
    United Kingdom 113 4.9
    Other 105 4.6
    Others 239 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 2.9
    Christianity 1289 59.4
    Hinduism 9 0.4
    Other Religious Groups 28 1.3
    No Religion 771 35.5
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 82 9.9
    $2,000-$2,499 66 8.0
    $2,500-$2,999 107 12.9
    $3,000-$3,499 90 10.9
    $4,000 or more 100 12.1
    Others 383 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1001 52.4
    Not in the labour force 502 26.3
    Employed, worked part-time 273 14.3
    Employed, away from work 96 5.0
    Unemployed, looking for work 39 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 275 20.0
    Professionals 376 27.4
    Technicians & trades workers 157 11.4
    Community & personal service workers 129 9.4
    Clerical & administrative workers 187 13.6
    Others 249 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.2
    Infants/Primary 175 35.9
    Secondary 132 27.1
    Technical or Further Educational Institution 26 5.3
    University or other Tertiary Institutions 111 22.8
    Others 13 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1146 50.4
    Semi-detached, row or terrace house, townhouse 611 26.8
    Flat, unit or apartment 484 21.3
    Caravan, cabin, houseboat 9 0.4
    Improvised home, tent, sleepers out 17 0.7
    Others 9 0.4
    Dwelling Structure
    Census Count Percent(%)
    Rented 449 49.3
    Being purchased 231 25.4
    Fully owned 225 24.7
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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