Suburb Profile Report for Desert Springs NT (0870)

Desert Springs House: Median price $705,000, Annual capital growth 5.73%, Number of sales 21, Weekly median advertised rent $700

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

Source: CoreLogic

  • House Report

Desert Springs, 0870 ranked 6th in NT when comparing growth in median property values or capital gain over the last 12 months. Desert Springs is one of 124 in our list for NT

Taking the average capital gain, or increase in median house value, Desert Springs,0870 has racked up an average of 4.87% over the period. This ranks it number 2768th in the whole country for real estate investors looking at median house price increases.

Desert Springs, 0870 is offering NT ‘s 45th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NT.

In the last year 21 properties changed hands in Desert Springs, which puts it as the 29th most active market in NT when comparing the number of sales per suburb.

A $700 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 5.73%.

Metrics i HOUSE UNIT
$705,000 N/A
-0.70% N/A
4.87% N/A
5.73% N/A
$700 N/A
21 N/A
5.16% N/A
96.81 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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