Suburb Profile Report for Wulagi NT (0812)

Wulagi House: Median price $495,500, Annual capital growth 2.91%, Number of sales 36, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -4.16% for the last 12 months, Wulagi, 0812 has performed for property investments than its average annual 2.91% property growth over the last 5 years.

Comparing Wulagi,0812 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 2.91%, investors should hope to achieve an overall return of 5.25%

Information supplied by:


July 2017

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Sales in Wulagi have been increasing in the housing market, as values slip to a median of under $550,000.Full summary

Less than 20 minutes north of Darwin past the airport, the suburb of Wulagi is struggling to maintain demand in a market that is falling and will continue to fall for a while.

Sales have been increasing in the housing market as values slip to a median of under $550,000. With rental returns coming in at over 5%, a chunk of the buyers could be investors looking to take advantage of the suburb’s appealing qualities.

The suburb has a shopping centre and an oval, and it is well known for its large blocks of land and greenery. Aside from being close to the Darwin airport, it is also near Casuarina Beach.


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Metrics i HOUSE UNIT
$495,500 N/A
-2.84% N/A
-4.16% N/A
2.91% N/A
$500 N/A
36 N/A
5.25% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2619
Median household income ($/weekly) 2055
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 3
  • Census Count Percent(%)
    5-14 years 436 16.6
    25-34 years 353 13.5
    35-44 years 458 17.5
    45-54 years 377 14.4
    55-64 years 310 11.8
    Others 687 26.2
    Age Group
    Census Count Percent(%)
    Registered Married 779 48.3
    Not Married 611 37.9
    Defacto Relationship 222 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1790 79.9
    Papua New Guinea 47 2.1
    Philippines 50 2.2
    United Kingdom 78 3.5
    Other 103 4.6
    Others 172 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 3.4
    Christianity 1364 63.6
    Hinduism 13 0.6
    Islam 18 0.8
    No Religion 667 31.1
    Others 11 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 46 7.0
    $1,500-$1,999 113 17.3
    $2,000-$2,499 103 15.7
    $2,500-$2,999 101 15.4
    $3,000-$3,499 61 9.3
    Others 230 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 892 52.7
    Not in the labour force 372 22.0
    Employed, worked part-time 278 16.4
    Employed, away from work 103 6.1
    Unemployed, looking for work 47 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 11.0
    Professionals 255 20.0
    Technicians & trades workers 204 16.0
    Community & personal service workers 159 12.5
    Clerical & administrative workers 229 18.0
    Others 286 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 42 6.8
    Infants/Primary 251 40.7
    Secondary 178 28.9
    Technical or Further Educational Institution 34 5.5
    University or other Tertiary Institutions 94 15.3
    Others 17 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2257 99.5
    Flat, unit or apartment 11 0.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 363 48.5
    Rented 233 31.1
    Fully owned 149 19.9
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals