Suburb Profile Report for Desert Springs NT (0870)

Desert Springs House: Median price $727,500, Annual capital growth 6.15%, Number of sales 16, Weekly median advertised rent $720

Desert Springs Unit: Median price $345,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report

Investment property in Desert Springs has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.11%

While Desert Springs,0870 ranked number 1st in NT for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.

Desert Springs, 0870’s gross rental yield is 5.15%

HOUSE UNIT
$727,500 $345,000
5.24% N/A
15.11% N/A
6.15% N/A
$720 $440
16 11
5.15% 6.63%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1499
Median household income ($/weekly) 2466
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 230 15.3
    25-34 years 185 12.3
    35-44 years 228 15.2
    45-54 years 281 18.7
    55-64 years 218 14.5
    Others 360 24.0
    Age Group
    Census Count Percent(%)
    Registered Married 577 56.1
    Not Married 331 32.2
    Defacto Relationship 121 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1008 72.6
    Philippines 24 1.7
    United Kingdom 91 6.6
    United States of America 97 7.0
    Other 50 3.6
    Others 118 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 25 1.9
    Christianity 922 68.6
    Hinduism 11 0.8
    Other Religious Groups 5 0.4
    No Religion 379 28.2
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 64 14.0
    $2,000-$2,499 49 10.7
    $2,500-$2,999 90 19.7
    $3,000-$3,499 60 13.1
    $4,000 or more 44 9.6
    Others 151 33.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 681 62.3
    Employed, worked part-time 186 17.0
    Not in the labour force 162 14.8
    Employed, away from work 54 4.9
    Unemployed, looking for work 10 0.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 182 19.8
    Professionals 194 21.1
    Technicians & trades workers 107 11.6
    Community & personal service workers 132 14.3
    Clerical & administrative workers 151 16.4
    Others 155 16.8
    Occupation
    Census Count Percent(%)
    Pre-school 23 6.4
    Infants/Primary 153 42.9
    Secondary 92 25.8
    Technical or Further Educational Institution 24 6.7
    University or other Tertiary Institutions 53 14.8
    Others 12 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 991 73.0
    Flat, unit or apartment 210 15.5
    Semi-detached, row or terrace house, townhouse 156 11.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 208 40.5
    Being purchased 170 33.1
    Fully owned 125 24.3
    Other tenure type 11 2.1
    Tenure Type
Census 2011, ABS
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