Suburb Profile Report for Rapid Creek NT (0810)

Rapid Creek House: Median price $717,500, Annual capital growth 4.27%, Number of sales 28, Weekly median advertised rent $600

Rapid Creek Unit: Median price $396,000, Annual capital growth 5.61%, Number of sales 34, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

NT has seen average median house prices change by -3.69% which means that Rapid Creek, 0810 has not done well for property investors by showing a capital gain of 7.89% over the last year

Taking the average capital gain, or increase in median house value, Rapid Creek,0810 has racked up an average of 7.89% over the period. This ranks it number 3024th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Rapid Creek is giving property investors an average Vendor Discount of around -6.14%. This puts suburb at number 30th in NT when ranking the most discounted suburbs.

At number 1547 in a list of fastest selling suburbs, Rapid Creek is just in the top half of suburbs in Australia with an average of days on market 65.52 for properties listed there.

Advertised rents are around the $600 mark per week – giving a return of 4.35% based on the median price in Suburb

Property value increases in Rapid Creek have tracked higher than the NT average of -5.96% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Rapid Creek comes in at number 14th in NT.

Rapid Creek, 0810 is offering NT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NT.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

Rapid Creek is 23th on a list of best yielding suburbs for rents in NT with a 4.86% return

Metrics i HOUSE UNIT
$717,500 $396,000
1.06% 1.41%
7.89% 14.78%
4.27% 5.61%
$600 $370
28 34
4.35% 4.86%
65.52 82.29

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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
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Recent sales & rentals