Suburb Profile Report for Desert Springs NT (0870)

Desert Springs House: Median price $680,000, Annual capital growth 5.41%, Number of sales 18, Weekly median advertised rent $730

Desert Springs Unit: Median price $331,500, Annual capital growth 3.63%, Number of sales 14, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

NT has seen average median house prices change by -4.74% which means that Desert Springs, 0870 has not done well for property investors by showing a capital gain of -1.63% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Desert Springs comes in at number 7th in NT.

Property buyers and investors in Desert Springs 0870 should be seeing an average reduction in asking price of around -3.67% . This means that Desert Springs is holding prices well when compared to other suburbs in NT.

A $730 per week rent on the median house gives suburb investors a gross yield of circa 5.58%, without taking into account capital value appreciation, which has been averaging out at 5.41%.

Desert Springs, 0870 ranked 16th 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

Advertised rents are around the $440 mark per week – giving a return of 6.90% based on the median price in Suburb

Metrics i HOUSE UNIT
$680,000 $331,500
-3.55% N/A
-1.63% -3.91%
5.41% 3.63%
$730 $440
18 14
5.58% 6.90%
94.33 N/A

Source: CoreLogic

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