Suburb Profile Report for Desert Springs NT (0870)

Desert Springs House: Median price $685,250, Annual capital growth 4.66%, Number of sales 18, Weekly median advertised rent $820

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

Investment property in Desert Springs has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.66%

The most recent median price for Desert Springs is $685250, with sellers offering an average of -5.28% off the asking price.

With the median price for a house in Desert Springs being $685250 and the advertised rent reaching $820 the gross rental yield for property investors calculates out to be 6.22%

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December 2017

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Desert Springs, on the banks of the Todd River in Alice Springs, is home to the Alice Springs Golf Club and Olive Pink Botanic Gardens, which specialises in the flora of Australia’s arid interiorFull summary

Limited space in Alice Springs neighbour

Postcode: 0870

Median house price: $667,500

Vacancy rate: 0.8%

Three-year growth: 4.6%

Desert Springs, on the banks of the Todd River in Alice Springs, is home to the Alice Springs Golf Club and Olive Pink Botanic Gardens, which specialises in the flora of Australia’s arid interior. 

It’s also just a short drive from many of the Alice’s top tourist attractions, including the Alice Springs Reptile Centre and the National Pioneer Women’s Hall of Fame. With a vacancy rate of just 0.8%, Desert Springs is a solid choice for an investment property.

While unit prices are down by 2.5% this quarter to $332,000, rental yields are strong at 6.9%, and landlords can expect to achieve a median weekly rent of around $440.  House prices have also been on a downward trend, dropping 4.6% in the past twelve months to $668,000, and stock levels are unchanged compared to last year.

Close
Metrics i HOUSE UNIT
$685,250 N/A
N/A N/A
2.66% N/A
4.66% N/A
$820 N/A
18 N/A
6.22% N/A
104.06 N/A

Source: CoreLogic

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