Suburb Profile Report for Bakewell NT (0832)

Bakewell House: Median price $386,750, Annual capital growth -0.01%, Number of sales 22, Weekly median advertised rent $420

Bakewell Unit: Median price $235,000, Annual capital growth -2.06%, Number of sales 11, Weekly median advertised rent $330

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

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

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 7.73% for the last year, Bakewell, 0832 is the 800th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Bakewell,0832 has racked up an average of 7.73% over the period. This ranks it number 3997th in the whole country for real estate investors looking at median house price increases.

Bakewell0832 is located in NT which offers an average discount of -7.42% to property investors. Bakewell itself is showing figures that indicate -6.72% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of -0.01%, investors should hope to achieve an overall return of 5.65%

At number 368th in the list of Australian suburbs ordered by increase in median house value over the last year, Bakewell, 0832 is in the top 30% with a property value increase of 4.44% recorded in median house prices.

The five-year average increase in median property values for Bakewell,0832 has given property investors a potential capital gain of -39.74% across each of those five years.

Advertised rents are around the $330 mark per week – giving a return of 7.30% based on the median price in Suburb

Information supplied by:


December 2018

M
O

W
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Property stock drops

Postcode: 0832

Median unit price: $264,000

Stock on market: -40.0%

12-month growth: -9.3%

A suburb of Palmerston’s inner city that is just about 3km from the CBD, Bakewell is home to several beautiful public parks, with the largest being situated on the border between Gunn in the north and Bakewell. It contains a playground and manmade ponds for kids to enjoy.

Buscall Avenue is Bakewell’s northern boundary, while Lambrick Avenue makes up the southern and eastern borders. Chung Wah Terrace sits to the west of the suburb.

The Bakewell market has not fared too well, with the Top End failing to stabilise the economy. However, the falling supply of property could help tighten things – the low median unit price of just over $250,000 could inspire some demand as apartment stock plummeted from 32 to 18 in the year to September 2018, contributing to the 40% overall stock in market decline.

Metrics i HOUSE UNIT
$386,750 $235,000
-0.45% -14.55%
7.73% 4.44%
-0.01% -2.06%
$420 $330
22 11
5.65% 7.30%
74.6470588235294 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 3191
Median household income ($/weekly) 1745
Median age of persons 29
Median housing loan repayment ($/monthly) 2045
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 315 9.9
    5-14 years 485 15.2
    20-24 years 305 9.6
    25-34 years 665 20.8
    35-44 years 571 17.9
    Others 850 26.6
    Age Group
    Census Count Percent(%)
    Not Married 900 42.8
    Registered Married 740 35.2
    Defacto Relationship 462 22.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2472 83.7
    Papua New Guinea 64 2.2
    Philippines 100 3.4
    United Kingdom 107 3.6
    Other 61 2.1
    Others 150 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 1.9
    Christianity 1728 61.5
    Hinduism 27 1.0
    Islam 18 0.6
    No Religion 967 34.4
    Others 17 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 91 9.3
    $1,250-$1,499 118 12.0
    $1,500-$1,999 167 17.0
    $2,000-$2,499 163 16.6
    $2,500-$2,999 112 11.4
    Others 330 33.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1379 61.6
    Not in the labour force 352 15.7
    Employed, worked part-time 296 13.2
    Employed, away from work 153 6.8
    Unemployed, looking for work 57 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 167 9.1
    Professionals 227 12.4
    Technicians & trades workers 351 19.2
    Community & personal service workers 234 12.8
    Clerical & administrative workers 350 19.1
    Others 501 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 61 8.4
    Infants/Primary 304 41.8
    Secondary 186 25.5
    Technical or Further Educational Institution 53 7.3
    University or other Tertiary Institutions 99 13.6
    Others 25 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1897 64.9
    Flat, unit or apartment 625 21.4
    Semi-detached, row or terrace house, townhouse 403 13.8
    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 565 51.7
    Rented 455 41.7
    Fully owned 68 6.2
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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