Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $630,000, Annual capital growth 1.75%, Number of sales 25, Weekly median advertised rent $525

Rapid Creek Unit: Median price $345,000, Annual capital growth 2.24%, Number of sales 25, Weekly median advertised rent $330

  • 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.

  • House Report
  • Unit Report

Rapid Creek is in the TOP 20% in NT when comparing median price capital growth over the last year. Rapid Creek gave property investors a very good capital gain figure when compared to the rest of the state, with 3.28%.

Rapid Creek,0810 has offered an average of 3.28% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Advertised rents are around the $525 mark per week – giving a return of 4.33% based on the median price in Suburb

Property investors who have had real estate in Rapid Creek, 0810 should be pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.40%

Rapid Creek,0810 has offered an average of 10.40% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Rapid Creek is offering property investors an average of -10.68. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in NT

In the last year 25 properties changed hands in Rapid Creek, which puts it as the 6th most active market in NT when comparing the number of sales per suburb.

Rapid Creek, 0810’s gross rental yield is 4.97%

Metrics i HOUSE UNIT
$630,000 $345,000
0.00% -1.43%
3.28% 10.40%
1.75% 2.24%
$525 $330
25 25
4.33% 4.97%
68.1428571428571 74.8333333333333

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 : Balanced (H), Balanced (U)
Find a mortgage broker in Rapid Creek NT
Demographics
Total population 3267
Median household income ($/weekly) 1724
Median age of persons 35
Median housing loan repayment ($/monthly) 1885
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 325 9.9
    25-34 years 661 20.2
    35-44 years 554 17.0
    45-54 years 448 13.7
    55-64 years 381 11.7
    Others 899 27.5
    Age Group
    Census Count Percent(%)
    Not Married 972 46.3
    Registered Married 785 37.4
    Defacto Relationship 343 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1972 72.4
    Papua New Guinea 71 2.6
    Philippines 57 2.1
    United Kingdom 154 5.7
    Other 155 5.7
    Others 313 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 3.1
    Christianity 1420 54.8
    Hinduism 49 1.9
    Islam 52 2.0
    No Religion 952 36.8
    Others 38 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 88 9.1
    $1,500-$1,999 136 14.1
    $2,000-$2,499 108 11.2
    $2,500-$2,999 97 10.0
    $3,000-$3,499 96 9.9
    Others 441 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1222 54.3
    Not in the labour force 458 20.3
    Employed, worked part-time 405 18.0
    Employed, away from work 107 4.8
    Unemployed, looking for work 60 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 212 12.2
    Professionals 569 32.8
    Technicians & trades workers 209 12.0
    Community & personal service workers 195 11.2
    Clerical & administrative workers 228 13.1
    Others 322 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.9
    Infants/Primary 190 30.5
    Secondary 141 22.7
    Technical or Further Educational Institution 45 7.2
    University or other Tertiary Institutions 177 28.5
    Others 26 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1542 56.7
    Flat, unit or apartment 625 23.0
    Semi-detached, row or terrace house, townhouse 544 20.0
    Improvised home, tent, sleepers out 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 561 51.9
    Being purchased 301 27.9
    Fully owned 211 19.5
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table