Suburb Profile Report for Darwin City NT (0800)

Darwin City Unit: Median price $330,000, Annual capital growth -2.69%, Number of sales 139, Weekly median advertised rent $430

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Giving property investors a a stable capital gain of 6.45% for the last year, Darwin City, 0800 is the 586th highest performer in Australia in this respect.

Across a shorter period, Darwin City, 0800 has seen a median price increase of -0.15% over the last quarter.

Darwin City, 0800 is offering NT ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NT.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of -2.69%, investors should hope to achieve an overall return of 6.78%

Information supplied by:


March 2018

M
O

W
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NT capital could be recovering

Postcode: 0800

Median unit price: $431,000

Stock on market: -3.3%

12-month growth: -8.3%

The Northern Territory’s capital continues to take a dive price-wise, and supply looks to be following at last.

The number of units in the city slipped from 266 to 256 in the year leading up to December 2017 – while the decline is not significant at just 3.3%, this could mean that the tide might be turning for Darwin soon. With the capital slated to hit rock bottom in the next few years before beginning its recovery, this could be a good time to buy in.

The CBD is a good place to be, since this is where major projects are generally looking to take place. Moreover, Darwin is one of the best-stocked suburbs in the state given its strong commercial scene.

Metrics i HOUSE UNIT
N/A $330,000
N/A -0.15%
N/A 6.45%
N/A -2.69%
N/A $430
N/A 139
N/A 6.78%
N/A 90.1621621621622

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Demographics
Total population 4545
Median household income ($/weekly) 1890
Median age of persons 32
Median housing loan repayment ($/monthly) 2600
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 649 14.3
    25-34 years 1386 30.5
    35-44 years 701 15.4
    45-54 years 575 12.7
    55-64 years 444 9.8
    Others 789 17.4
    Age Group
    Census Count Percent(%)
    Not Married 1480 50.8
    Registered Married 845 29.0
    Defacto Relationship 587 20.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2343 62.6
    Papua New Guinea 174 4.6
    Philippines 123 3.3
    United Kingdom 217 5.8
    Other 265 7.1
    Others 622 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 112 3.1
    Christianity 2086 58.4
    Hinduism 82 2.3
    Islam 56 1.6
    No Religion 1191 33.3
    Others 47 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 125 8.8
    $1,500-$1,999 213 15.0
    $2,000-$2,499 169 11.9
    $2,500-$2,999 212 14.9
    $3,000-$3,499 128 9.0
    Others 576 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2140 61.8
    Not in the labour force 590 17.0
    Employed, worked part-time 441 12.7
    Employed, away from work 180 5.2
    Unemployed, looking for work 112 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 416 15.0
    Professionals 657 23.8
    Technicians & trades workers 389 14.1
    Community & personal service workers 400 14.5
    Clerical & administrative workers 410 14.8
    Others 494 17.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 89 17.3
    Secondary 87 16.9
    Technical or Further Educational Institution 70 13.6
    University or other Tertiary Institutions 209 40.7
    Other type of educational institution 36 7.0
    Others 23 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 82 2.5
    Semi-detached, row or terrace house, townhouse 41 1.2
    Flat, unit or apartment 3118 93.5
    Improvised home, tent, sleepers out 68 2.0
    House or flat attached to a shop, office 16 0.5
    Others 11 0.3
    Dwelling Structure
    Census Count Percent(%)
    Rented 1099 71.0
    Being purchased 305 19.7
    Fully owned 128 8.3
    Other tenure type 15 1.0
    Tenure Type
Census 2011, ABS
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