Suburb Profile Report for Tiwi NT (0810)

Tiwi House: Median price $425,000, Annual capital growth 0.24%, Number of sales 25, Weekly median advertised rent $455

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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Tiwi has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -6.59% to date .

While Tiwi,0810 ranked number 19th in NT for increase in median house value (annualised) increase, it is ranked 42th over the last 5 years.

A $455 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 0.24%.

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Home to the Royal Darwin Hospital, Tiwi is 11km north of the Darwin CBD and adjacent to the Dripstone Park coastal reserve.

The Charles Darwin University is close by in Brinkin, and a sizeable shopping centre is in nearby Casuarina. Like the rest of northern Darwin, the only public transport options to the CBD are via bus.

Seventy-one per cent of properties in the suburb are separate houses, and median prices compare favourably to nearby Rapid Creek, and Nakara.

Land parcels are quite large within Tiwi, with many houses often residing on 800m² or more. This suggests subdivision or development potential.

Metrics	HOUSE	UNIT
Median price	$425,000	N/A
Quarterly growth	0.59%	N/A
12-month growth	-6.59%	N/A
Average Annual Growth	0.24%	N/A
Weekly median advertised rent	$455	N/A
Number of sales	25	N/A
Gross rental yield	5.57%	N/A
Days on market	93.2307692307692	N/A

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

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Demographics

Total population	2510
Median household income ($/weekly)	1704
Median age of persons	37
Median housing loan repayment ($/monthly)	2000
Average household size	2.6

Census	Count	Percent(%)
5-14 years	320	12.7
25-34 years	388	15.5
35-44 years	393	15.7
45-54 years	325	12.9
55-64 years	304	12.1
Others	780	31.1

Age Group

Census	Count	Percent(%)
Registered Married	753	47.0
Not Married	682	42.5
Defacto Relationship	168	10.5

Social Marital Status

Census	Count	Percent(%)
Australia	1485	65.3
Indonesia	80	3.5
Philippines	70	3.1
United Kingdom	131	5.8
Other	197	8.7
Others	311	13.7

Country of Birth

Census	Count	Percent(%)
Buddhism	59	2.7
Christianity	1470	67.0
Hinduism	52	2.4
Islam	54	2.5
No Religion	538	24.5
Others	22	1.0

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	60	8.3
$1,250-$1,499	67	9.3
$1,500-$1,999	104	14.4
$2,000-$2,499	81	11.3
$2,500-$2,999	95	13.2
Others	313	43.5

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	834	45.4
Not in the labour force	622	33.9
Employed, worked part-time	242	13.2
Employed, away from work	88	4.8
Unemployed, looking for work	49	2.7

Person Characteristics

Census	Count	Percent(%)
Managers	102	8.8
Professionals	417	35.9
Technicians & trades workers	136	11.7
Community & personal service workers	126	10.8
Clerical & administrative workers	170	14.6
Others	211	18.2

Occupation

Census	Count	Percent(%)
Pre-school	45	8.3
Infants/Primary	192	35.6
Secondary	137	25.4
Technical or Further Educational Institution	29	5.4
University or other Tertiary Institutions	126	23.4
Others	10	1.9

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1691	81.8
Flat, unit or apartment	269	13.0
Semi-detached, row or terrace house, townhouse	104	5.0
Caravan, cabin, houseboat	4	0.2
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0