Suburb Profile Report for Woodroffe NT (0830)

Woodroffe House: Median price $327,500, Annual capital growth -2.51%, Number of sales 20, Weekly median advertised rent $410

  • 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.

  • Expert Report
  • House Report

Woodroffe has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -9.03% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woodroffe has fallen somewhat when compared to the 5 year average annual rate.

Woodroffe0830 is located in NT which offers an average discount of -7.87% to property investors. Woodroffe itself is showing figures that indicate -9.64% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of -2.51%, investors should hope to achieve an overall return of 6.51%

Information supplied by:


April 2019

M
O

W
E

A steady decline in the unit market

Postcode: 0830

Median house price: $360,000

Three-year growth: -30.1%

Rental yield: 6.1%

Around half an hour’s drive from Darwin is the suburb of Woodroffe, an inner-city suburb of Palmerston that has received praise for its good location and amenities.

Woodroffe’s proximity to Palmerston is advantageous as residents have access to shops like the Palmerston shopping centre. Families are close to schools, childcare centres, sports facilities and a local library. Public transport is available as well in Palmerston, and Woodroffe’s neighbours are bounded by many streets. There are a few parks for Woodroffe residents to enjoy as well on their downtime.

The thumb of decline sits heavily on the Woodroffe market, as house values have been consistently down since 2014. Nonetheless, prices were flat over the February 2019 quarter, with the median staying at $360,000. Moreover, yields are high at an average of 6.1%.

Metrics i HOUSE UNIT
$327,500 N/A
-7.09% N/A
-9.03% N/A
-2.51% N/A
$410 N/A
20 N/A
6.51% N/A
107.538461538462 N/A

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 : Above average (H), Balanced (U)
Find a mortgage broker in Woodroffe NT
Demographics
Total population 3418
Median household income ($/weekly) 1639
Median age of persons 30
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 318 9.3
    5-14 years 567 16.6
    25-34 years 527 15.4
    35-44 years 584 17.1
    45-54 years 434 12.7
    Others 989 28.9
    Age Group
    Census Count Percent(%)
    Not Married 914 42.4
    Registered Married 842 39.1
    Defacto Relationship 399 18.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2568 85.4
    Papua New Guinea 54 1.8
    Philippines 68 2.3
    United Kingdom 97 3.2
    Other 85 2.8
    Others 135 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.8
    Christianity 1771 62.3
    Hinduism 16 0.6
    Islam 16 0.6
    No Religion 976 34.4
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 71 7.8
    $1,250-$1,499 80 8.8
    $1,500-$1,999 124 13.6
    $2,000-$2,499 140 15.3
    $2,500-$2,999 95 10.4
    Others 403 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1164 52.2
    Not in the labour force 509 22.8
    Employed, worked part-time 341 15.3
    Employed, away from work 137 6.1
    Unemployed, looking for work 77 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 152 9.2
    Professionals 207 12.6
    Technicians & trades workers 335 20.4
    Community & personal service workers 188 11.4
    Clerical & administrative workers 314 19.1
    Others 448 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.3
    Infants/Primary 307 37.5
    Secondary 287 35.1
    Technical or Further Educational Institution 48 5.9
    University or other Tertiary Institutions 87 10.6
    Others 21 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2873 94.1
    Flat, unit or apartment 154 5.0
    Semi-detached, row or terrace house, townhouse 20 0.7
    Caravan, cabin, houseboat 5 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 511 49.0
    Rented 440 42.2
    Fully owned 91 8.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table