Suburb Profile Report for Durack NT (0830)

Durack House: Median price $498,500, Annual capital growth 3.91%, Number of sales 50, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

Durack, 0830 ranked 17th in NT when comparing growth in median property values or capital gain over the last 12 months. Durack is one of 124 in our list for NT

If we look at median property appreciation over just the last three months, Durack has given property investors a paper return of 3.85%. This puts Suburb as 6 on a list of fastest fasting appreciating suburbs in NT

Property investors looking for a bargain in Durack should be aiming for at least -8.30% off the asking price, which is the average vendor discount being achieved at the moment.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 5.22%, without taking into account capital value appreciation, which has been averaging out at 3.91%.

Metrics i HOUSE UNIT
$498,500 N/A
3.85% N/A
-3.20% N/A
3.91% N/A
$500 N/A
50 N/A
5.22% N/A
149.61 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2873
Median household income ($/weekly) 2166
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 322 11.2
    5-14 years 463 16.1
    25-34 years 588 20.4
    35-44 years 465 16.2
    45-54 years 346 12.0
    Others 692 24.1
    Age Group
    Census Count Percent(%)
    Registered Married 1009 54.5
    Not Married 522 28.2
    Defacto Relationship 322 17.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2272 83.3
    Papua New Guinea 54 2.0
    South Africa 38 1.4
    United Kingdom 136 5.0
    Other 74 2.7
    Others 153 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 1.7
    Christianity 1658 63.8
    Islam 44 1.7
    Other Religious Groups 9 0.3
    No Religion 835 32.1
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 74 9.7
    $1,500-$1,999 120 15.7
    $2,000-$2,499 140 18.3
    $2,500-$2,999 130 17.0
    $3,000-$3,499 79 10.4
    Others 220 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1177 60.0
    Not in the labour force 314 16.0
    Employed, worked part-time 294 15.0
    Employed, away from work 131 6.7
    Unemployed, looking for work 45 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 14.1
    Professionals 235 14.7
    Technicians & trades workers 217 13.6
    Community & personal service workers 331 20.7
    Clerical & administrative workers 274 17.1
    Others 319 19.9
    Occupation
    Census Count Percent(%)
    Pre-school 64 8.6
    Infants/Primary 325 43.7
    Secondary 174 23.4
    Technical or Further Educational Institution 38 5.1
    University or other Tertiary Institutions 125 16.8
    Others 18 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2601 96.6
    Flat, unit or apartment 59 2.2
    Improvised home, tent, sleepers out 24 0.9
    Semi-detached, row or terrace house, townhouse 9 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 510 58.2
    Being purchased 286 32.6
    Fully owned 74 8.4
    Other tenure type 7 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals