Suburb Profile Report for Bayview NT (0820)

Bayview House: Median price $815,000, Annual capital growth 13.57%, Number of sales 12, Weekly median advertised rent $750

Bayview Unit: Median price $366,500, Annual capital growth -0.63%, Number of sales 18, Weekly median advertised rent $500

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

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

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Across a shorter period, Bayview, 0820 has seen a median price increase of 0.00% over the last quarter.

The NT suburb of Bayview, 0820 is in the Darwin (C) local government area.

Investment property in Bayview has done 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 -28.14%

The five-year average increase in median property values for Bayview,0820 has given property investors a potential capital gain of -42.73% across each of those five years.

Property investors looking for a bargain in Bayview should be aiming for at least -9.46% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of -0.63%, investors should hope to achieve an overall return of 7.09%

Information supplied by:


February 2019

M
O

W
E

Great views don’t save falling prices

Postcode: 0820

Median unit price: $425,000

Three-year growth: -37.5%

Rental yield: 6.1%

The suburb of Bayview, as its name suggests, offers lovely views of Frances Bay. It takes its name from the estate Bayview Haven.

It is one of Darwin’s more expensive pockets, with sizeable, pricey homes, but there are also high-density developments and townhouses to cater to the middle class. It is also bordered by Charles Darwin National Park. A downside to Bayview, however, is the lack of public transport. There are also few facilities catering to families with kids.

As has been the case for several years now, unit values plummeted in the November 2017-2018 period by over 25%, bringing the median to $425,000. The same level of decline was observed over the November 2018 quarter. The average rent per week is still quite high at $500, with investors able to gain 6% profit. However, this is not looking to be a good long-term investment.

Metrics i HOUSE UNIT
$815,000 $366,500
0.00% -3.93%
N/A -28.14%
13.57% -0.63%
$750 $500
12 18
4.79% 7.09%
N/A 105.785714285714

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1522
Median household income ($/weekly) 2646
Median age of persons 33
Median housing loan repayment ($/monthly) 2577
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 191 12.5
    25-34 years 281 18.4
    35-44 years 257 16.9
    45-54 years 266 17.5
    55-64 years 138 9.1
    Others 391 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 535 51.1
    Not Married 339 32.4
    Defacto Relationship 173 16.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1075 77.4
    Hong Kong 22 1.6
    Papua New Guinea 51 3.7
    United Kingdom 69 5.0
    Other 61 4.4
    Others 111 8.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 2.3
    Christianity 914 68.6
    Hinduism 13 1.0
    Other Religious Groups 6 0.5
    No Religion 365 27.4
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 60 13.9
    $2,000-$2,499 51 11.8
    $2,500-$2,999 80 18.5
    $3,000-$3,499 63 14.6
    $4,000 or more 70 16.2
    Others 108 25.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 745 65.8
    Employed, worked part-time 157 13.9
    Not in the labour force 150 13.3
    Employed, away from work 63 5.6
    Unemployed, looking for work 17 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 221 22.9
    Professionals 234 24.2
    Technicians & trades workers 119 12.3
    Community & personal service workers 123 12.7
    Clerical & administrative workers 154 16.0
    Others 114 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 19 5.5
    Infants/Primary 117 33.6
    Secondary 105 30.2
    Technical or Further Educational Institution 15 4.3
    University or other Tertiary Institutions 83 23.9
    Others 9 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 660 48.1
    Semi-detached, row or terrace house, townhouse 380 27.7
    Flat, unit or apartment 300 21.8
    Caravan, cabin, houseboat 33 2.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 258 50.0
    Being purchased 160 31.0
    Fully owned 98 19.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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