Suburb Profile Report for Rosebery NT (0832)

Rosebery House: Median price $575,000, Annual capital growth 13.70%, Number of sales 41, Weekly median advertised rent $580

Rosebery Unit: Median price $455,500, Annual capital growth 5.96%, Number of sales 14, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Rosebery is in the bottom 40% in NT when comparing median price capital growth over the last year. Rosebery gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.45%.

A 8.49% growth in median value for property investors in Rosebery,0832 puts this suburb at number 22th in terms of best performing suburbs in NT

LACK OF BUYER INTEREST may well be the reason that Rosebery is offering property investors an average of -7.55. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in NT

Renters in Suburb are facing rents around $6960 per annum or $580 every week.

Rosebery, 0832 ranked 8th in NT when comparing growth in median property values or capital gain over the last 12 months. Rosebery is one of 124 in our list for NT

While Rosebery,0832 ranked number 8th in NT for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

Rosebery, 0832’s gross rental yield is 4.57%

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For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.Full summary

For those investors that are looking for an alternative to Darwin CBD properties Raine & Horne Darwin general manager Glenn Grantham  nominates Rosebery as one of a string of Palmerston’s newer suburbs that offer strong rental prospects.

“These are strong rental markets because they are family areas, which tend to attract long-term renters, while local defence force personnel, who operate from the nearby Robertson Barracks, also underpin the rental market,” he says, adding that Palmerston (and Darwin’s) rents are expected to ramp up this year.

“We haven’t seen an increase in median rents in quite a while, but we expect to see some significant hikes in 2012,” he says. “So now is a good time for investors to get their skates on.”

A scan of Rosebery’s listings on realestate.com.au reveals that single-storey, three-bedroom, brick houses are on the market for around the $480,000 mark, with their marketing campaigns often being targeted towards investors. Page visits for recent listings in Rosebery number in the low to mid hundreds.

The unemployment rate in the local SLA was measured at 1.5% according to ABS 2010 figures. Meanwhile, SLA population growth between June 2009 and June 2010 was an impressive 11.5%. Building approvals for houses dropped off from 181 to 123 during the same period, while unit approvals jumped from 216 to 254.

Rosebery is around a 30-minute drive from the Darwin CBD, along the Stuart Highway, while the bulk of the nearby shopping and amenities are 3km north in the Palmerston Shopping Centre.

Close
HOUSE UNIT
$575,000 $455,500
-1.29% 0.66%
-9.45% 1.45%
13.70% 5.96%
$580 $400
41 14
5.25% 4.57%
114.48 N/A

Source: CoreLogic

DSR Score for property investment : Poor (U), Below average (H)
Find a mortgage broker in Rosebery NT
Demographics
Total population 3744
Median household income ($/weekly) 2185
Median age of persons 26
Median housing loan repayment ($/monthly) 2698
Average household size 3
  • Census Count Percent(%)
    0-4 years 442 11.8
    5-14 years 658 17.6
    20-24 years 382 10.2
    25-34 years 779 20.8
    35-44 years 657 17.5
    Others 826 22.1
    Age Group
    Census Count Percent(%)
    Registered Married 1121 49.0
    Not Married 686 30.0
    Defacto Relationship 483 21.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2846 82.6
    Papua New Guinea 78 2.3
    Philippines 72 2.1
    United Kingdom 156 4.5
    Other 120 3.5
    Others 175 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 2.2
    Christianity 2046 62.1
    Islam 30 0.9
    Other Religious Groups 21 0.6
    No Religion 1109 33.6
    Others 16 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 84 8.6
    $1,500-$1,999 149 15.2
    $2,000-$2,499 213 21.7
    $2,500-$2,999 163 16.6
    $3,000-$3,499 110 11.2
    Others 263 26.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1534 63.2
    Not in the labour force 348 14.3
    Employed, worked part-time 332 13.7
    Employed, away from work 164 6.8
    Unemployed, looking for work 51 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 243 12.0
    Professionals 277 13.7
    Technicians & trades workers 330 16.3
    Community & personal service workers 381 18.8
    Clerical & administrative workers 380 18.8
    Others 414 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 75 7.6
    Infants/Primary 433 43.9
    Secondary 240 24.3
    Technical or Further Educational Institution 51 5.2
    University or other Tertiary Institutions 157 15.9
    Others 31 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2831 82.9
    Semi-detached, row or terrace house, townhouse 345 10.1
    Flat, unit or apartment 241 7.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 585 52.5
    Being purchased 456 40.9
    Fully owned 69 6.2
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals