Suburb Profile Report for Marlow Lagoon NT (0830)

Marlow Lagoon House: Median price $835,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • Expert Report
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An outer suburb of Palmerston, Marlow Lagoon has a rural feel and huge, well-maintained blocks, yet residents do not have to trade convenience since Darwin is just a 15 minute drive to the east. This is one of the preferred spots for those that need to be close to Darwin, but what a little more space to roam as lot sizes average around a whopping 6,000m2.Full summary

An outer suburb of Palmerston, Marlow Lagoon has a rural feel and huge, well-maintained blocks, yet residents do not have to trade convenience since Darwin is just a 15 minute drive to the east. This is one of the preferred spots for those that need to be close to Darwin, but what a little more space to roam as lot sizes average around a whopping 6,000m2.

With all that space, the suburb is also the site of a remarkable nature reserve and park facility that includes an actual lagoon. With flowering lilies in the lagoon and wide green spaces, the park is a favourite wedding spot among local couples.

“All you have to do is drive through and you know you’re in a very up-market neighbourhood,” says Real Estate Agent Rick Trippe of Knight Frank NT. “If you want something that has a little bit of elbow space, it is perfect. And on top of that there is no problem getting into town and you’re a stones-throw from Palmerston shopping centers.”

Trippe says that Marlow Lagoon is increasingly benefitting from the growth in the Palmerston area because it is geographically isolated enough to stay private, but residents are beginning to appreciate the new range of shops, restaurants and good schools.

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HOUSE UNIT
$835,000 N/A
N/A N/A
N/A N/A
N/A N/A
N/A N/A
11 N/A
N/A N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 719
Median household income ($/weekly) 2625
Median age of persons 34
Median housing loan repayment ($/monthly) 2687
Average household size 3.3
  • Census Count Percent(%)
    0-4 years 61 8.5
    5-14 years 120 16.8
    25-34 years 75 10.5
    35-44 years 139 19.4
    45-54 years 147 20.6
    Others 173 24.2
    Age Group
    Census Count Percent(%)
    Registered Married 253 54.1
    Not Married 139 29.7
    Defacto Relationship 76 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 580 88.1
    Papua New Guinea 16 2.4
    South Africa 6 0.9
    United Kingdom 23 3.5
    Other 7 1.1
    Others 26 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 427 67.5
    No Religion 198 31.3
    Buddhism 8 1.3
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 25 14.0
    $2,000-$2,499 22 12.4
    $2,500-$2,999 29 16.3
    $3,000-$3,499 24 13.5
    $4,000 or more 34 19.1
    Others 44 24.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 327 67.4
    Employed, worked part-time 69 14.2
    Not in the labour force 58 12.0
    Employed, away from work 19 3.9
    Unemployed, looking for work 12 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 19.5
    Professionals 67 16.1
    Technicians & trades workers 77 18.5
    Community & personal service workers 41 9.9
    Clerical & administrative workers 81 19.5
    Others 69 16.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 80 42.6
    Secondary 61 32.4
    University or other Tertiary Institutions 22 11.7
    Pre-school 16 8.5
    Technical or Further Educational Institution 9 4.8
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 635 96.7
    Improvised home, tent, sleepers out 9 1.4
    Semi-detached, row or terrace house, townhouse 5 0.8
    Flat, unit or apartment 4 0.6
    Caravan, cabin, houseboat 4 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 123 61.8
    Fully owned 43 21.6
    Rented 33 16.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals