Suburb Profile Report for Nakara NT (0810)

Nakara House: Median price $490,000, Annual capital growth -0.28%, Number of sales 25, Weekly median advertised rent $500

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Nakara has done pretty 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 -3.45%

The five-year average increase in median property values for Nakara,0810 has given property investors a potential capital gain of -20.33% across each of those five years.

Our latest figures would indicate that property sellers in Nakara are currently offering property investors an average price cut of -7.47% below the asking price at the moment.

Nakara is 31th on a list of best yielding suburbs for rents in NT with a 5.31% return

Information supplied by:


June 2018

M
O

W
E

House prices remain high

Postcode: 0810

Median house price: $520,000

Three-year growth: -16.1%

Rental yield: 5.2%

Situated 14km north of Darwin, the suburb of Nakara is under a cloud of decline.

Price falls peaked at 16.1% in 2015, and over the 12 months leading to March 2018, the median house value was at $520,000. With houses not being especially affordable even in the midst of a long-running downturn, not even an average rental yield of 5.2% is likely to bring investors in.

Houses that are spending an average of 54 days on the market does bring some hope of Nakara garnering the interest of buyers. A factor could be the proximity to the Darwin CBD, as well as its location just north of Casuarina – home to the NT’s largest shopping centre. Residents would also be near one of the interchanges for the bus service in Darwin.

Metrics i HOUSE UNIT
$490,000 N/A
-10.09% N/A
-3.45% N/A
-0.28% N/A
$500 N/A
25 N/A
5.31% N/A
77.7692307692308 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1912
Median household income ($/weekly) 2054
Median age of persons 35
Median housing loan repayment ($/monthly) 2091
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 281 14.7
    25-34 years 266 13.9
    35-44 years 313 16.4
    45-54 years 277 14.5
    55-64 years 230 12.0
    Others 546 28.5
    Age Group
    Census Count Percent(%)
    Registered Married 704 52.4
    Not Married 533 39.7
    Defacto Relationship 107 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1095 61.4
    Indonesia 67 3.8
    Philippines 70 3.9
    United Kingdom 78 4.4
    Other 176 9.9
    Others 296 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 4.4
    Christianity 1082 62.5
    Hinduism 82 4.7
    Islam 33 1.9
    No Religion 446 25.8
    Others 12 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 77 15.9
    $2,000-$2,499 65 13.4
    $2,500-$2,999 58 12.0
    $3,000-$3,499 45 9.3
    $4,000 or more 53 11.0
    Others 186 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 692 49.2
    Not in the labour force 325 23.1
    Employed, worked part-time 300 21.3
    Employed, away from work 57 4.1
    Unemployed, looking for work 33 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 102 9.7
    Professionals 301 28.6
    Technicians & trades workers 128 12.2
    Community & personal service workers 116 11.0
    Clerical & administrative workers 158 15.0
    Others 246 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.1
    Infants/Primary 167 30.6
    Secondary 158 29.0
    Technical or Further Educational Institution 22 4.0
    University or other Tertiary Institutions 148 27.2
    Others 17 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1570 89.1
    Semi-detached, row or terrace house, townhouse 118 6.7
    Flat, unit or apartment 71 4.0
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 210 37.7
    Rented 182 32.7
    Fully owned 165 29.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table