Suburb Profile Report for Bakewell NT (0832)

Bakewell House: Median price $388,500, Annual capital growth -0.05%, Number of sales 25, Weekly median advertised rent $410

Bakewell Unit: Median price $235,000, Annual capital growth -2.21%, Number of sales 17, Weekly median advertised rent $330

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

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

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Bakewell, 0832 have given investors a capital gain of 13.27%. This compares very favourably with the -2.69% for NT as a whole.

A -25.29% growth in median value for property investors in Bakewell,0832 puts this suburb at number 16th in terms of best performing suburbs in NT

Vendor discounting in Bakewell is giving property investors an average Vendor Discount of around -8.72%. This puts suburb at number 10th in NT when ranking the most discounted suburbs.

In the last year 25 properties changed hands in Bakewell, which puts it as the 20th most active market in NT when comparing the number of sales per suburb.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.49%, without taking into account capital value appreciation, which has been averaging out at -0.05%.

Bakewell is in the TOP 30% in NT when comparing median price capital growth over the last year. Bakewell gave property investors a good capital gain figure when compared to the rest of the state, with 0.00%.

When looking at the potential capital gains offered to property investors over the last 3 years, Bakewell comes in at number 8th in NT.

In the last year 17 properties changed hands in Bakewell, which puts it as the 12th most active market in NT when comparing the number of sales per suburb.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

Information supplied by:


December 2018

M
O

W
E

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
$388,500 $235,000
0.45% 0.00%
13.27% 0.00%
-0.05% -2.21%
$410 $330
25 17
5.49% 7.30%
86.7619047619048 N/A

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

DSR Score for property investment : Balanced (H), Below average (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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