Suburb Profile Report for Araluen NT (0870)

Araluen House: Median price $479,000, Annual capital growth 0.88%, Number of sales 21, Weekly median advertised rent $570

Araluen Unit: Median price $327,500, Annual capital growth 2.85%, Number of sales 14, Weekly median advertised rent $425

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

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

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Araluen is an average performer in NT when comparing median price capital growth over the last year. Araluen gave property investors a average capital gain figure when compared to the rest of the state, with -4.20%.

When looking at the potential capital gains offered to property investors over the last 3 years, Araluen comes in at number 30th in NT.

Our latest figures would indicate that property sellers in Araluen are currently offering property investors an average price cut of -4.36% below the asking price at the moment.

In the last year 21 properties changed hands in Araluen, which puts it as the 25th most active market in NT when comparing the number of sales per suburb.

NT has seen average median house prices change by -10.68% which means that Araluen, 0870 has not done well for property investors by showing a capital gain of -11.37% over the last year

Across a shorter period, Araluen, 0870 has seen a median price increase of -10.15% over the last quarter.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 2.85%, investors should hope to achieve an overall return of 6.75%

Information supplied by:


November 2017

M
O

W
E

Rural suburb gets a boost

Postcode: 0870

Median house price: $492,505

Three-year growth: -8.0%

Rental yield: 5.9%

Araluen is a rural suburb situated at least half a day’s drive, or a two-hour flight, south of Darwin, in Alice Springs. Named after the Aboriginal word for ‘place of waterlilies’, Araluen is not exactly within commuting distance of the Darwin CBD, however it is close to the Alice Springs Golf Club, the Reptile Centre, ANZAC Hill and Olive Pink Botanic Garden.

The median house price is $555,000, and the yearly growth rate is nearly 10%. Though Alice Springs is generally considered to offer little more than dust and desert, Araluen is close to West MacDonnell National Park, Finke George National Park and Owen Springs Reserve. It is home to around 3,000 people and roughly 75% of local housing stock is freestanding dwellings.

Metrics i HOUSE UNIT
$479,000 $327,500
-1.64% -10.15%
-4.20% -11.37%
0.88% 2.85%
$570 $425
21 14
6.19% 6.75%
111.222222222222 131.8

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2695
Median household income ($/weekly) 1881
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 408 15.1
    25-34 years 412 15.3
    35-44 years 431 16.0
    45-54 years 430 15.9
    55-64 years 281 10.4
    Others 734 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 808 45.8
    Not Married 717 40.6
    Defacto Relationship 241 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1909 77.4
    Papua New Guinea 75 3.0
    United Kingdom 86 3.5
    United States of America 72 2.9
    Other 109 4.4
    Others 216 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.6
    Christianity 1619 69.0
    Hinduism 9 0.4
    Other Religious Groups 19 0.8
    No Religion 671 28.6
    Others 16 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 63 8.4
    $1,500-$1,999 128 17.0
    $2,000-$2,499 98 13.0
    $2,500-$2,999 100 13.3
    $3,000-$3,499 75 9.9
    Others 290 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1056 55.6
    Not in the labour force 407 21.4
    Employed, worked part-time 310 16.3
    Employed, away from work 95 5.0
    Unemployed, looking for work 31 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 11.8
    Professionals 349 23.9
    Technicians & trades workers 186 12.7
    Community & personal service workers 226 15.4
    Clerical & administrative workers 226 15.4
    Others 304 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.4
    Infants/Primary 260 40.6
    Secondary 189 29.5
    Technical or Further Educational Institution 46 7.2
    University or other Tertiary Institutions 80 12.5
    Others 24 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1924 81.1
    Flat, unit or apartment 336 14.2
    Caravan, cabin, houseboat 71 3.0
    Semi-detached, row or terrace house, townhouse 37 1.6
    Improvised home, tent, sleepers out 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 368 43.3
    Rented 334 39.3
    Fully owned 144 16.9
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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