Suburb Profile Report for Driver NT (0830)

Driver House: Median price $428,500, Annual capital growth 3.32%, Number of sales 29, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report

Driver is in the bottom 30% in NT when comparing median price capital growth over the last year. Driver gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.55%.

Across a shorter period, Driver, 0830 has seen a median price increase of -4.78% over the last quarter.

Property buyers and investors in Driver 0830 should be seeing an average reduction in asking price of around -7.28% . This means that Driver is holding prices well when compared to other suburbs in NT.

Residents and property investors in Driver have been waiting around 136.03 days to sell a property.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.46%, without taking into account capital value appreciation, which has been averaging out at 3.32%.

Metrics i HOUSE UNIT
$428,500 N/A
-4.78% N/A
-12.55% N/A
3.32% N/A
$450 N/A
29 N/A
5.46% N/A
136.03 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Driver NT
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
Chart Table
Recent sales & rentals