Suburb Profile Report for Howard Springs NT (0835)

Howard Springs House: Median price $570,000, Annual capital growth 0.33%, Number of sales 27, Weekly median advertised rent $550

  • 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.

  • House Report

Howard Springs has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -3.38% to date .

Over the longer term, Howard Springs has seen property prices show investors a -18.57% return over the last 3 years. This is an improvement over the last 12 months

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.87% offered to property buyers. Sellers in Howard Springs itself are offering an average vendor discount of -7.35% to real estate investors.

In the last year 27 properties changed hands in Howard Springs, which puts it as the 16th most active market in NT when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $28600 per annum or $550 every week.

Metrics i HOUSE UNIT
$570,000 N/A
-3.23% N/A
-3.38% N/A
0.33% N/A
$550 N/A
27 N/A
5.02% N/A
64.6666666666667 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 : Balanced (H), Above average (U)
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Demographics
Total population 3149
Median household income ($/weekly) 1978
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 441 14.0
    25-34 years 304 9.7
    35-44 years 521 16.5
    45-54 years 543 17.2
    55-64 years 480 15.2
    Others 861 27.3
    Age Group
    Census Count Percent(%)
    Registered Married 975 48.7
    Not Married 687 34.3
    Defacto Relationship 340 17.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2261 85.6
    Papua New Guinea 52 2.0
    Philippines 21 0.8
    United Kingdom 138 5.2
    Other 65 2.5
    Others 105 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.6
    Christianity 1670 66.5
    Islam 6 0.2
    Other Religious Groups 7 0.3
    No Religion 805 32.1
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 107 13.4
    $2,000-$2,499 129 16.1
    $2,500-$2,999 93 11.6
    $3,000-$3,499 70 8.7
    $4,000 or more 63 7.9
    Others 339 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1117 52.2
    Not in the labour force 502 23.5
    Employed, worked part-time 348 16.3
    Employed, away from work 126 5.9
    Unemployed, looking for work 47 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 209 13.2
    Professionals 251 15.8
    Technicians & trades workers 325 20.5
    Clerical & administrative workers 262 16.5
    Labourers 142 9.0
    Others 397 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 35 5.5
    Infants/Primary 239 37.8
    Secondary 215 34.0
    Technical or Further Educational Institution 47 7.4
    University or other Tertiary Institutions 82 13.0
    Others 14 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2497 94.5
    Caravan, cabin, houseboat 118 4.5
    Improvised home, tent, sleepers out 17 0.6
    Flat, unit or apartment 10 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 414 45.8
    Fully owned 303 33.6
    Rented 180 19.9
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
Chart Table