Suburb Profile Report for Araluen NT (0870)

Araluen House: Median price $556,100, Annual capital growth 6.45%, Number of sales 22, Weekly median advertised rent $550

Araluen Unit: Median price $437,500, Annual capital growth 6.38%, Number of sales 17, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Araluen, 0870 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NT suburb was 10.12%.

The five-year average increase in median property values for Araluen,0870 has given property investors a potential capital gain of 20.89% across each of those five years.

Our latest figures would indicate that property sellers in Araluen are currently offering property investors an average price cut of -4.95% below the asking price at the moment.

At number 3068 in a list of fastest selling suburbs, Araluen is in the bottom 20% of suburbs in Australia with an average of days on market 114.95 for properties listed there.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 5.14%, without taking into account capital value appreciation, which has been averaging out at 6.45%.

If you compare the increase in value of investment property in Araluen, 0870 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NT suburb was 18.24%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Araluen has increased when compared to the 5 year average annual rate.

At number 14th of NT’s most discounted properties, Araluen is in the TOP 20% of the state/territory when listing in order of most discounted to least.

At number 1332 in a list of fastest selling suburbs, Araluen is in the bottom 10% of suburbs in Australia with an average of days on market 121 for properties listed there.

Using the current median advertised rental of $405 and the average annual increase in value of a median property of 6.38%, investors should hope to achieve an overall return of 4.81%

Metrics i HOUSE UNIT
$556,100 $437,500
5.02% 20.69%
10.12% 18.24%
6.45% 6.38%
$550 $405
22 17
5.14% 4.81%
114.95 121

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2695
Median household income ($/weekly) 1881
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 408 15.1
    25-34 years 412 15.3
    35-44 years 431 16.0
    45-54 years 430 15.9
    55-64 years 281 10.4
    Others 734 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 808 45.8
    Not Married 717 40.6
    Defacto Relationship 241 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1909 77.4
    Papua New Guinea 75 3.0
    United Kingdom 86 3.5
    United States of America 72 2.9
    Other 109 4.4
    Others 216 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.6
    Christianity 1619 69.0
    Hinduism 9 0.4
    Other Religious Groups 19 0.8
    No Religion 671 28.6
    Others 16 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 63 8.4
    $1,500-$1,999 128 17.0
    $2,000-$2,499 98 13.0
    $2,500-$2,999 100 13.3
    $3,000-$3,499 75 9.9
    Others 290 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1056 55.6
    Not in the labour force 407 21.4
    Employed, worked part-time 310 16.3
    Employed, away from work 95 5.0
    Unemployed, looking for work 31 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 11.8
    Professionals 349 23.9
    Technicians & trades workers 186 12.7
    Community & personal service workers 226 15.4
    Clerical & administrative workers 226 15.4
    Others 304 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.4
    Infants/Primary 260 40.6
    Secondary 189 29.5
    Technical or Further Educational Institution 46 7.2
    University or other Tertiary Institutions 80 12.5
    Others 24 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1924 81.1
    Flat, unit or apartment 336 14.2
    Caravan, cabin, houseboat 71 3.0
    Semi-detached, row or terrace house, townhouse 37 1.6
    Improvised home, tent, sleepers out 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 368 43.3
    Rented 334 39.3
    Fully owned 144 16.9
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals