Suburb Profile Report for Alawa NT (0810)

Alawa House: Median price $435,000, Annual capital growth 1.24%, Number of sales 26, Weekly median advertised rent $460

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

Investment property in Alawa has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.59%

While Alawa,0810 ranked number 33th in NT for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Alawa is offering property investors an average of -8.15. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in NT

At number 206 in a list of fastest selling suburbs, Alawa is in the TOP 10% of suburbs in Australia with an average of days on market 26 for properties listed there.

Information supplied by:


November 2018

M
O

W
E
Situated north of Darwin, the suburb of Alawa was established in the late 1960s and named for the Aboriginal tribe that lived on the southern tributariesFull summary

Rental activity picks up

Postcode: 0810

Median house price: $456,500

Rental vacancy rate: 7.4%

Three-year growth: -19.2%

Situated north of Darwin, the suburb of Alawa was established in the late 1960s and named for the Aboriginal tribe that lived on the southern tributaries.

Alawa is bordered by Dripstone Road and Rapid Creek. At its boundary via the suburb’s connection to Lakeside Drive is the Casuarina shopping centre, providing much convenience to its residents. In additon, Alawa contains its own shopping hub, along with a primary school.

The suburb continues its downward trend in the August 2017-2018 period, with house prices plummeting by 15.5% to hit a median of just over $450,000. While the situation looks dire for investors seeking capital gain, rentals are picking up – the vacancy rate fell sharply from 9.7% in August 2017 to 7.4% a year on. The weekly average rent clocks in at $460, generating 5.2% yield on average.

Close
Metrics i HOUSE UNIT
$435,000 N/A
-1.14% N/A
-10.59% N/A
1.24% N/A
$460 N/A
26 N/A
5.50% N/A
26 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Alawa NT
Demographics
Total population 2121
Median household income ($/weekly) 1602
Median age of persons 34
Median housing loan repayment ($/monthly) 1925
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 310 14.6
    25-34 years 334 15.7
    35-44 years 330 15.5
    45-54 years 280 13.2
    55-64 years 276 13.0
    Others 593 27.9
    Age Group
    Census Count Percent(%)
    Not Married 616 44.6
    Registered Married 599 43.4
    Defacto Relationship 165 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1198 66.1
    Hong Kong 48 2.6
    Philippines 81 4.5
    United Kingdom 74 4.1
    Other 188 10.4
    Others 224 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 3.0
    Christianity 1121 63.7
    Hinduism 36 2.0
    Islam 47 2.7
    No Religion 485 27.5
    Others 19 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 63 11.7
    $1,250-$1,499 59 10.9
    $1,500-$1,999 76 14.1
    $2,000-$2,499 65 12.1
    $2,500-$2,999 48 8.9
    Others 228 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 690 47.6
    Not in the labour force 387 26.7
    Employed, worked part-time 242 16.7
    Employed, away from work 81 5.6
    Unemployed, looking for work 49 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 99 9.8
    Professionals 249 24.6
    Technicians & trades workers 160 15.8
    Community & personal service workers 116 11.5
    Clerical & administrative workers 138 13.6
    Others 251 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.3
    Infants/Primary 165 33.7
    Secondary 127 25.9
    Technical or Further Educational Institution 36 7.3
    University or other Tertiary Institutions 117 23.9
    Others 19 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1444 78.4
    Semi-detached, row or terrace house, townhouse 291 15.8
    Flat, unit or apartment 104 5.6
    Improvised home, tent, sleepers out 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 252 40.8
    Rented 207 33.5
    Fully owned 155 25.1
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals