Suburb Profile Report for Driver NT (0830)

Driver House: Median price $425,000, Annual capital growth 2.81%, Number of sales 29, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

Investment property in Driver has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.05%

Driver,0830 was ranked 3313 in Australia by increase in median property value over the quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Driver itself are offering an average vendor discount of -7.22% to real estate investors.

At number 3323 in a list of fastest selling suburbs, Driver is in the bottom 20% of suburbs in Australia with an average of days on market 122.16 for properties listed there.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 2.81%.

Metrics i HOUSE UNIT
$425,000 N/A
-1.62% N/A
-10.05% N/A
2.81% N/A
$450 N/A
29 N/A
5.51% N/A
122.16 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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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