Suburb Profile Report for Larrakeyah NT (0820)

Larrakeyah Unit: Median price $346,750, Annual capital growth -1.43%, Number of sales 45, Weekly median advertised rent $425

  • 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.

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  • Unit Report

Larrakeyah is an average performer in NT when comparing median price capital growth over the last year. Larrakeyah gave property investors a average capital gain figure when compared to the rest of the state, with -14.91%.

When looking at the potential capital gains offered to property investors over the last 3 years, Larrakeyah comes in at number 11th in NT.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -10.68% offered to property buyers. Sellers in Larrakeyah itself are offering an average vendor discount of -10.35% to real estate investors.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

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Larrakeyah, NT – High yielding property near the CBD

Postcode: 0820

Median unit price: $383,750

Three-year growth: -23.3%

Rental yield: 5.8%

An inner-city suburb of Darwin, Larrakeyah was named for the Larrakia indigenous group that originally occupied the area prior to European settlement. Development commenced in the 1800s.

Once the site of a World War II attack by the Japanese, Larrakeyah is currently a base for the Australian Defence Force, and the barracks dominate the suburb. Larrakeyah Terrace is the most popular recreational spot for residents as it provides a lovely view of the harbour. Cullen Bay, Mindil Beach and the George Brown Botanical Gardens are close by.

The suburb’s proximity to Darwin has attracted a diverse population looking for work in the Top End’s capital.

Metrics i HOUSE UNIT
N/A $346,750
N/A -13.58%
N/A -14.91%
N/A -1.43%
N/A $425
N/A 45
N/A 6.37%
N/A 106.37037037037

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 (U), Below average (H)
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Demographics
Total population 3242
Median household income ($/weekly) 2212
Median age of persons 33
Median housing loan repayment ($/monthly) 2300
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 293 9.0
    25-34 years 886 27.3
    35-44 years 455 14.0
    45-54 years 478 14.7
    55-64 years 380 11.7
    Others 752 23.2
    Age Group
    Census Count Percent(%)
    Not Married 943 44.5
    Registered Married 812 38.4
    Defacto Relationship 362 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1893 66.7
    Papua New Guinea 110 3.9
    Philippines 62 2.2
    United Kingdom 182 6.4
    Other 166 5.9
    Others 423 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 3.3
    Christianity 1592 58.9
    Hinduism 56 2.1
    Islam 31 1.1
    No Religion 908 33.6
    Others 27 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 148 14.9
    $2,000-$2,499 127 12.8
    $2,500-$2,999 164 16.5
    $3,000-$3,499 102 10.3
    $4,000 or more 104 10.5
    Others 350 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1522 61.4
    Not in the labour force 408 16.5
    Employed, worked part-time 347 14.0
    Employed, away from work 141 5.7
    Unemployed, looking for work 60 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 385 19.2
    Professionals 494 24.6
    Technicians & trades workers 264 13.1
    Community & personal service workers 263 13.1
    Clerical & administrative workers 286 14.2
    Others 317 15.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.6
    Infants/Primary 163 29.1
    Secondary 130 23.2
    Technical or Further Educational Institution 58 10.4
    University or other Tertiary Institutions 140 25.0
    Others 32 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 902 35.1
    Semi-detached, row or terrace house, townhouse 300 11.7
    Flat, unit or apartment 1353 52.6
    Improvised home, tent, sleepers out 6 0.2
    House or flat attached to a shop, office 7 0.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 680 61.0
    Being purchased 251 22.5
    Fully owned 179 16.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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