Suburb Profile Report for Larrakeyah NT (0820)

Larrakeyah Unit: Median price $506,250, Annual capital growth 4.77%, Number of sales 34, Weekly median advertised rent $480

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

Source: CoreLogic

  • Unit Report

Giving property investors a a stable capital gain of 8.87% for the last year, Larrakeyah, 0820 is the 453th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Larrakeyah comes in at number 5th in NT.

Property buyers and investors in Larrakeyah 0820 should be seeing an average reduction in asking price of around -9.14% . This means that Larrakeyah is holding prices well when compared to other suburbs in NT.

At number 1291 in a list of fastest selling suburbs, Larrakeyah is in the bottom 20% of suburbs in Australia with an average of days on market 114.12 for properties listed there.

With the median price for a house in Larrakeyah being $506250 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 4.93%

Metrics i HOUSE UNIT
N/A $506,250
N/A -1.22%
N/A 8.87%
N/A 4.77%
N/A $480
N/A 34
N/A 4.93%
N/A 114.12

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 3242
Median household income ($/weekly) 2212
Median age of persons 33
Median housing loan repayment ($/monthly) 2300
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 293 9.0
    25-34 years 886 27.3
    35-44 years 455 14.0
    45-54 years 478 14.7
    55-64 years 380 11.7
    Others 752 23.2
    Age Group
    Census Count Percent(%)
    Not Married 943 44.5
    Registered Married 812 38.4
    Defacto Relationship 362 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1893 66.7
    Papua New Guinea 110 3.9
    Philippines 62 2.2
    United Kingdom 182 6.4
    Other 166 5.9
    Others 423 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 3.3
    Christianity 1592 58.9
    Hinduism 56 2.1
    Islam 31 1.1
    No Religion 908 33.6
    Others 27 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 148 14.9
    $2,000-$2,499 127 12.8
    $2,500-$2,999 164 16.5
    $3,000-$3,499 102 10.3
    $4,000 or more 104 10.5
    Others 350 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1522 61.4
    Not in the labour force 408 16.5
    Employed, worked part-time 347 14.0
    Employed, away from work 141 5.7
    Unemployed, looking for work 60 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 385 19.2
    Professionals 494 24.6
    Technicians & trades workers 264 13.1
    Community & personal service workers 263 13.1
    Clerical & administrative workers 286 14.2
    Others 317 15.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.6
    Infants/Primary 163 29.1
    Secondary 130 23.2
    Technical or Further Educational Institution 58 10.4
    University or other Tertiary Institutions 140 25.0
    Others 32 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 902 35.1
    Semi-detached, row or terrace house, townhouse 300 11.7
    Flat, unit or apartment 1353 52.6
    Improvised home, tent, sleepers out 6 0.2
    House or flat attached to a shop, office 7 0.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 680 61.0
    Being purchased 251 22.5
    Fully owned 179 16.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals