Suburb Profile Report for Araluen NT (0870)

Araluen House: Median price $500,500, Annual capital growth 4.79%, Number of sales 47, Weekly median advertised rent $605

Araluen Unit: Median price $368,500, Annual capital growth 5.02%, Number of sales 15, Weekly median advertised rent $430

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

NT has seen average median house prices change by -3.97% which means that Araluen, 0870 has not done well for property investors by showing a capital gain of 1.62% over the last year

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.

Property investors looking for a bargain in Araluen should be aiming for at least -5.51% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $605 mark per week – giving a return of 6.29% based on the median price in Suburb

Giving property investors a a poor capital gain of -14.30% for the last year, Araluen, 0870 is the 1628th highest performer in Australia in this respect.

A 13.38% growth in median value for property investors in Araluen,0870 puts this suburb at number 7th in terms of best performing suburbs in NT

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -10.21% offered to property buyers. Sellers in Araluen itself are offering an average vendor discount of -4.70% to real estate investors.

Residents and property investors in Araluen have been waiting around 93.23 days to sell a property.

Advertised rents are around the $430 mark per week – giving a return of 6.07% based on the median price in Suburb

Information supplied by:


November 2017

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Araluen is a rural suburb situated at least half a day’s drive, or a two-hour flight, south of Darwin, in Alice Springs. Named after the Aboriginal word for ‘place of waterlilies’, Araluen is not exactly within commuting distance of the Darwin CBD, however it is close to the Alice Springs Golf Club, the Reptile Centre, ANZAC Hill and Olive Pink Botanic GardenFull summary

Rural suburb gets a boost

Postcode: 0870

Median house price: $492,505

Three-year growth: -8.0%

Rental yield: 5.9%

Araluen is a rural suburb situated at least half a day’s drive, or a two-hour flight, south of Darwin, in Alice Springs. Named after the Aboriginal word for ‘place of waterlilies’, Araluen is not exactly within commuting distance of the Darwin CBD, however it is close to the Alice Springs Golf Club, the Reptile Centre, ANZAC Hill and Olive Pink Botanic Garden.

The median house price is $555,000, and the yearly growth rate is nearly 10%. Though Alice Springs is generally considered to offer little more than dust and desert, Araluen is close to West MacDonnell National Park, Finke George National Park and Owen Springs Reserve. It is home to around 3,000 people and roughly 75% of local housing stock is freestanding dwellings.

Close
Metrics i HOUSE UNIT
$500,500 $368,500
3.20% -0.41%
1.62% -14.30%
4.79% 5.02%
$605 $430
47 15
6.29% 6.07%
102.89 93.23

Source: CoreLogic

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