Suburb Profile Report for Woolner NT (0820)

Woolner Unit: Median price $365,000, Annual capital growth -0.18%, Number of sales 10, Weekly median advertised rent $400

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • Unit Report

Advertised rents are around the $400 mark per week – giving a return of 5.70% based on the median price in Suburb

Information supplied by:


May 2018

M
O

W
E

Unit price declines slow

Postcode: 0820

Median unit price: $377,500

Three-year growth: -31.4%

Rental yield: 6.2%

Located 4km from the Darwin CBD, the suburb of Woolner offers high rental returns of over 6% at an average weekly rent rate of $450.

Apartment prices have been falling consistently for five years since 2013, but the decline seems to slowing down as Woolner recorded a drop of just 0.7% in the 12 months leading up to February 2018. This brings the median value to $377,500.

Named for an Aboriginal tribal group, Woolner provides easy access to Darwin’s amenities, including Charles Darwin university, many primary schools, the local entertainment centre, a museum, art gallery and a shopping hub. Woolner is also close to several beaches, like Casuarina and Mindil Beach. The Number 10 bus to the Darwin Interchange departs from Woolner Road.

Metrics i HOUSE UNIT
N/A $365,000
N/A -3.95%
N/A N/A
N/A -0.18%
N/A $400
N/A 10
N/A 5.70%
N/A N/A

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Woolner NT
Demographics
Total population 863
Median household income ($/weekly) 2414
Median age of persons 31
Median housing loan repayment ($/monthly) 2529
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 95 11.0
    25-34 years 261 30.2
    35-44 years 148 17.1
    45-54 years 104 12.1
    55-64 years 91 10.5
    Others 164 19.0
    Age Group
    Census Count Percent(%)
    Not Married 315 47.3
    Registered Married 205 30.8
    Defacto Relationship 146 21.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 616 75.2
    Greece 12 1.5
    Papua New Guinea 24 2.9
    United Kingdom 48 5.9
    Other 44 5.4
    Others 75 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 1.1
    Christianity 466 58.5
    Islam 21 2.6
    Other Religious Groups 11 1.4
    No Religion 282 35.4
    Others 7 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 46 15.3
    $2,000-$2,499 51 16.9
    $2,500-$2,999 56 18.6
    $3,000-$3,499 36 12.0
    $4,000 or more 29 9.6
    Others 83 27.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 497 69.9
    Employed, worked part-time 91 12.8
    Not in the labour force 61 8.6
    Employed, away from work 54 7.6
    Unemployed, looking for work 8 1.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 96 15.0
    Professionals 145 22.6
    Technicians & trades workers 94 14.6
    Community & personal service workers 69 10.7
    Clerical & administrative workers 137 21.3
    Others 101 15.7
    Occupation
    Census Count Percent(%)
    Pre-school 9 6.0
    Infants/Primary 31 20.7
    Secondary 41 27.3
    Technical or Further Educational Institution 12 8.0
    University or other Tertiary Institutions 52 34.7
    Others 5 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 471 58.2
    Separate house 266 32.9
    Semi-detached, row or terrace house, townhouse 60 7.4
    House or flat attached to a shop, office 12 1.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 186 55.0
    Being purchased 119 35.2
    Fully owned 30 8.9
    Other tenure type 3 0.9
    Tenure Type
Census 2011, ABS
Chart Table