Suburb Profile Report for Larapinta NT (0870)

Larapinta House: Median price $445,000, Annual capital growth 6.09%, Number of sales 23, Weekly median advertised rent $500

Larapinta Unit: Median price $325,500, Annual capital growth 5.60%, Number of sales 11, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Larapinta, 0870 have given investors a capital gain of 14.10%. This compares very favourably with the -3.97% for NT as a whole.

The five-year average increase in median property values for Larapinta,0870 has given property investors a potential capital gain of 14.40% across each of those five years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.68% offered to property buyers. Sellers in Larapinta itself are offering an average vendor discount of -3.29% to real estate investors.

Larapinta, 0870’s gross rental yield is 5.84%

Over the last year, property investments in Larapinta, 0870 have given investors a capital gain of 25.19%. This compares very favourably with the -9.10% for NT as a whole.

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

In the last year 11 properties changed hands in Larapinta, which puts it as the 22th most active market in NT when comparing the number of sales per suburb.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 6.07%, without taking into account capital value appreciation, which has been averaging out at 5.60%.

Metrics i HOUSE UNIT
$445,000 $325,500
7.23% 16.29%
14.10% 25.19%
6.09% 5.60%
$500 $380
23 11
5.84% 6.07%
99.33 N/A

Source: CoreLogic

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Demographics
Total population 2470
Median household income ($/weekly) 1628
Median age of persons 30
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 258 10.4
    5-14 years 413 16.7
    25-34 years 432 17.5
    35-44 years 403 16.3
    45-54 years 339 13.7
    Others 627 25.4
    Age Group
    Census Count Percent(%)
    Not Married 721 46.5
    Registered Married 543 35.0
    Defacto Relationship 288 18.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1896 83.7
    Indonesia 40 1.8
    Papua New Guinea 64 2.8
    United Kingdom 71 3.1
    Other 58 2.6
    Others 135 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 1.4
    Christianity 1380 63.9
    Hinduism 30 1.4
    Islam 19 0.9
    No Religion 690 32.0
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 52 8.4
    $1,250-$1,499 51 8.3
    $1,500-$1,999 87 14.1
    $2,000-$2,499 104 16.8
    $2,500-$2,999 62 10.0
    Others 262 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 832 54.9
    Not in the labour force 349 23.0
    Employed, worked part-time 195 12.9
    Employed, away from work 92 6.1
    Unemployed, looking for work 47 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 123 11.0
    Professionals 203 18.1
    Technicians & trades workers 160 14.3
    Community & personal service workers 202 18.0
    Clerical & administrative workers 201 17.9
    Others 233 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 47 8.1
    Infants/Primary 241 41.8
    Secondary 155 26.9
    Technical or Further Educational Institution 44 7.6
    University or other Tertiary Institutions 67 11.6
    Others 23 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1752 77.5
    Flat, unit or apartment 273 12.1
    Semi-detached, row or terrace house, townhouse 236 10.4
    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 363 51.1
    Rented 283 39.8
    Fully owned 62 8.7
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals