Suburb Profile Report for Braitling NT (0870)

Braitling House: Median price $430,000, Annual capital growth 1.74%, Number of sales 43, 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.

  • Expert Report
  • House Report

Over the last year, property investments in Braitling, 0870 have given investors a capital gain of -4.44%. This compares badly with the -2.30% for NT as a whole.

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

Our latest figures would indicate that property sellers in Braitling are currently offering property investors an average price cut of -4.03% below the asking price at the moment.

Often selling an investment property can take time, and in Braitling the average time real estate has been on the market is 67.3636 days.

Advertised rents are around the $550 mark per week – giving a return of 6.65% based on the median price in Suburb

Information supplied by:


March 2018

M
O

W
E

Alice Springs suburb holds on to growth

Postcode: 0870

Median house price: $450,000

Three-year growth: 5.0%

Rental yield: 6.4%

The suburb of Braitling is a breath of fresh air in the Top End’s struggling market, as it has held on to positive and consistent growth in the five years leading up to December 2017.

With an annual growth rate of 4.8%, house prices increased by 5.4% in the 12 months before December. Rental returns are very high at 6.4%, representing strong cash flow potential, and the median value for such properties is reasonable at $450,000.

With the town of Alice Springs just 4km away, Braitling residents are close to amenities like schools of all levels, including Charles Darwin University’s Alice Springs campus. Braitling is also an ideal suburb for those who work in the NT government, which has offices nearby.

Metrics i HOUSE UNIT
$430,000 N/A
0.00% N/A
-4.44% N/A
1.74% N/A
$550 N/A
43 N/A
6.65% N/A
67.3636363636364 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 Braitling NT
Demographics
Total population 3179
Median household income ($/weekly) 1814
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 502 15.8
    25-34 years 457 14.4
    35-44 years 467 14.7
    45-54 years 508 16.0
    55-64 years 372 11.7
    Others 875 27.5
    Age Group
    Census Count Percent(%)
    Registered Married 867 41.9
    Not Married 835 40.4
    Defacto Relationship 367 17.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2376 83.2
    Papua New Guinea 88 3.1
    Philippines 47 1.6
    United Kingdom 97 3.4
    Other 65 2.3
    Others 184 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.8
    Christianity 1684 62.6
    Hinduism 18 0.7
    Other Religious Groups 36 1.3
    No Religion 908 33.8
    Others 20 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 78 9.2
    $1,500-$1,999 133 15.7
    $2,000-$2,499 123 14.5
    $2,500-$2,999 100 11.8
    $3,000-$3,499 73 8.6
    Others 339 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1223 56.4
    Not in the labour force 428 19.8
    Employed, worked part-time 331 15.3
    Employed, away from work 135 6.2
    Unemployed, looking for work 50 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 203 12.0
    Professionals 344 20.3
    Technicians & trades workers 253 15.0
    Community & personal service workers 213 12.6
    Clerical & administrative workers 285 16.9
    Others 393 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 49 6.8
    Infants/Primary 296 41.0
    Secondary 219 30.3
    Technical or Further Educational Institution 48 6.6
    University or other Tertiary Institutions 91 12.6
    Others 19 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2478 87.7
    Flat, unit or apartment 240 8.5
    Semi-detached, row or terrace house, townhouse 60 2.1
    Caravan, cabin, houseboat 47 1.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 454 46.2
    Rented 305 31.1
    Fully owned 217 22.1
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table