Suburb Profile Report for Larapinta NT (0870)

Larapinta House: Median price $415,000, Annual capital growth 5.15%, Number of sales 22, Weekly median advertised rent $500

Larapinta Unit: Median price $287,500, Annual capital growth 7.67%, Number of sales 13, Weekly median advertised rent $373

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Larapinta have tracked higher than the NT average of -2.58% over the last 12 months.

Over the longer term, Larapinta has seen property prices show investors a 13.46% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Larapinta is offering property investors an average of -7.59. This rate of discount on properties puts Suburb at number 37th in terms of most discounted suburbs in NT

With the median price for a house in Larapinta being $442500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 5.88%

At number 117th in the list of Australian suburbs ordered by increase in median house value over the last year, Larapinta, 0870 is in the top 10% with a property value increase of 21.54% recorded in median house prices.

With the median price for a house in Larapinta being $316000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 6.17%

Metrics i HOUSE UNIT
$415,000 $287,500
-6.74% -11.67%
0.73% 6.88%
5.15% 7.67%
$500 $373
22 13
6.27% 6.74%
111.32142857 180.6

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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
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