Suburb Profile Report for Driver NT (0830)

Driver House: Median price $440,000, Annual capital growth 3.87%, Number of sales 27, Weekly median advertised rent $450

Driver Unit: Median price $320,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $350

  • 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 Driver, 0830 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 -9.74%

Taking the average capital gain, or increase in median house value, Driver,0830 has racked up an average of -9.74% over the period. This ranks it number 3887th in the whole country for real estate investors looking at median house price increases.

At number 31th of NT’s most discounted properties, Driver is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 27 properties changed hands in Driver, which puts it as the 20th most active market in NT when comparing the number of sales per suburb.

With the median price for a house in Driver being $440000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.32%

With the median price for a house in Driver being $320000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.69%

Metrics i HOUSE UNIT
$440,000 $320,000
-2.22% 8.47%
-9.74% N/A
3.87% N/A
$450 $350
27 12
5.32% 5.69%
129.2 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 2958
Median household income ($/weekly) 1757
Median age of persons 28
Median housing loan repayment ($/monthly) 2076
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 281 9.5
    5-14 years 503 17.0
    25-34 years 533 18.0
    35-44 years 472 16.0
    45-54 years 389 13.1
    Others 781 26.4
    Age Group
    Census Count Percent(%)
    Registered Married 756 41.4
    Not Married 747 40.9
    Defacto Relationship 325 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2090 80.9
    Indonesia 87 3.4
    Papua New Guinea 69 2.7
    Philippines 71 2.7
    United Kingdom 98 3.8
    Others 168 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 2.0
    Christianity 1394 56.7
    Hinduism 82 3.3
    Islam 23 0.9
    No Religion 899 36.6
    Others 12 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 64 8.3
    $1,250-$1,499 74 9.6
    $1,500-$1,999 127 16.4
    $2,000-$2,499 124 16.0
    $2,500-$2,999 109 14.1
    Others 276 35.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1073 56.2
    Not in the labour force 380 19.9
    Employed, worked part-time 273 14.3
    Employed, away from work 118 6.2
    Unemployed, looking for work 64 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 148 10.1
    Professionals 188 12.9
    Technicians & trades workers 279 19.1
    Community & personal service workers 205 14.0
    Clerical & administrative workers 261 17.9
    Others 380 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 57 8.2
    Infants/Primary 273 39.5
    Secondary 205 29.6
    Technical or Further Educational Institution 42 6.1
    University or other Tertiary Institutions 93 13.4
    Others 22 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1896 73.1
    Flat, unit or apartment 380 14.6
    Semi-detached, row or terrace house, townhouse 318 12.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 411 47.0
    Being purchased 371 42.4
    Fully owned 93 10.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals