Suburb Profile Report for Desert Springs NT (0870)

Desert Springs House: Median price $668,250, Annual capital growth 2.41%, Number of sales 20, Weekly median advertised rent $780

Desert Springs Unit: Median price $389,000, Annual capital growth 7.59%, Number of sales 11, Weekly median advertised rent $460

  • 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.

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  • House Report
  • Unit Report

Property investors who have had real estate in Desert Springs, 0870 should be relatively pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.48%

Across a shorter period, Desert Springs, 0870 has seen a median price increase of 4.41% over the last quarter.

Our latest figures would indicate that property sellers in Desert Springs are currently offering property investors an average price cut of -5.94% below the asking price at the moment.

In the last year 20 properties changed hands in Desert Springs, which puts it as the 34th most active market in NT when comparing the number of sales per suburb.

Desert Springs is 12th on a list of best yielding suburbs for rents in NT with a 6.07% return

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

Information supplied by:


December 2017

M
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Limited space in Alice Springs neighbour

Postcode: 0870

Median house price: $667,500

Vacancy rate: 0.8%

Three-year growth: 4.6%

Desert Springs, on the banks of the Todd River in Alice Springs, is home to the Alice Springs Golf Club and Olive Pink Botanic Gardens, which specialises in the flora of Australia’s arid interior. 

It’s also just a short drive from many of the Alice’s top tourist attractions, including the Alice Springs Reptile Centre and the National Pioneer Women’s Hall of Fame. With a vacancy rate of just 0.8%, Desert Springs is a solid choice for an investment property.

While unit prices are down by 2.5% this quarter to $332,000, rental yields are strong at 6.9%, and landlords can expect to achieve a median weekly rent of around $440.  House prices have also been on a downward trend, dropping 4.6% in the past twelve months to $668,000, and stock levels are unchanged compared to last year.

Metrics i HOUSE UNIT
$668,250 $389,000
4.41% N/A
1.48% N/A
2.41% 7.59%
$780 $460
20 11
6.07% 6.15%
71.3333333333333 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)
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Demographics
Total population 1499
Median household income ($/weekly) 2466
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 230 15.3
    25-34 years 185 12.3
    35-44 years 228 15.2
    45-54 years 281 18.7
    55-64 years 218 14.5
    Others 360 24.0
    Age Group
    Census Count Percent(%)
    Registered Married 577 56.1
    Not Married 331 32.2
    Defacto Relationship 121 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1008 72.6
    Philippines 24 1.7
    United Kingdom 91 6.6
    United States of America 97 7.0
    Other 50 3.6
    Others 118 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 25 1.9
    Christianity 922 68.6
    Hinduism 11 0.8
    Other Religious Groups 5 0.4
    No Religion 379 28.2
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 64 14.0
    $2,000-$2,499 49 10.7
    $2,500-$2,999 90 19.7
    $3,000-$3,499 60 13.1
    $4,000 or more 44 9.6
    Others 151 33.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 681 62.3
    Employed, worked part-time 186 17.0
    Not in the labour force 162 14.8
    Employed, away from work 54 4.9
    Unemployed, looking for work 10 0.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 182 19.8
    Professionals 194 21.1
    Technicians & trades workers 107 11.6
    Community & personal service workers 132 14.3
    Clerical & administrative workers 151 16.4
    Others 155 16.8
    Occupation
    Census Count Percent(%)
    Pre-school 23 6.4
    Infants/Primary 153 42.9
    Secondary 92 25.8
    Technical or Further Educational Institution 24 6.7
    University or other Tertiary Institutions 53 14.8
    Others 12 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 991 73.0
    Flat, unit or apartment 210 15.5
    Semi-detached, row or terrace house, townhouse 156 11.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 208 40.5
    Being purchased 170 33.1
    Fully owned 125 24.3
    Other tenure type 11 2.1
    Tenure Type
Census 2011, ABS
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