Rapid Creek

POSTAL CODE: NT, 810

HOUSE

UNIT

RAPID CREEK ranks 59th in NT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -1.92% for the past year is lower than average compared to its 37.84% growth within a five-year period.

Also in RAPID CREEK, the median home price is sitting at $765,000, and the average rent at $790, this suggests property owners could potentially earn a 5.37% increase in gross rental yield.

Property investors have seen a 1.32% gain in RAPID CREEK based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.61% growth over a ten-year period. It ranks 4478th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in RAPID CREEK, 810 translates to a 8.17% capital gain.

RAPID CREEK, 810 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $440,000.

Augmented property values in RAPID CREEK are trailing above the NT average of 6.87% for the past year.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

Home owners selling their properties and realtors in RAPID CREEK usually have to wait an average of 62.4 days days before their assets are lifted off the market.

RAPID CREEK ranks 35th on the list of best yielding suburbs for rental properties in NT, posting a 6.5% return.

RAPID CREEK, 810 places 28th in Australia based on median property value growth during the quarter.

Surburb overview

"Rapid Creek is a picturesque coastal suburb located in the Northern Territory, offering residents a relaxed beachside lifestyle with access to essential amenities and natural beauty. Nestled along the shores of the Timor Sea, Rapid Creek provides a unique blend of seaside living and convenience.

Rapid Creek is situated approximately 11 kilometres to the northeast of Darwin’s central business district (CBD). This close proximity allows residents to easily access the city’s amenities while enjoying the tranquillity of coastal suburban living.

With a population of around 3,000 residents, Rapid Creek is a diverse and close-knit community. The suburb attracts a mix of families, professionals, retirees and nature enthusiasts, creating a harmonious blend of cultures and backgrounds.

Rapid Creek enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Nightcliff Primary School and The Essington School Darwin. The nearby Casuarina Square Shopping Centre offers a range of retail shops, dining options and entertainment facilities.

Rapid Creek has a wide range of recreational opportunities. The suburb’s iconic Rapid Creek Markets feature local arts, crafts and delicious food. The picturesque Rapid Creek Reserve provides a perfect setting for picnics, barbecues and sunset views. The nearby Rapid Creek and Nightcliff Jetty are popular spots for fishing and watching the sunset.

Rapid Creek offers a peaceful coastal lifestyle with easy access to essential amenities and natural beauty. Its diverse and close-knit community, educational institutions and proximity to Darwin’s CBD make it an appealing choice for individuals and families seeking a serene yet well-connected place to call home in the territory. "

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$765,000	$440,000
Growth Report
Median Quarterly	1.32%	-0.68%
Median 12 month	-1.92%	7.65%
Median 3 years	-3.16%	8.17%
Median 5 years	37.84%	54.39%
10 years average annual	1.61%	2.1%
Weekly media advert. rent	$790	$550
Time on Market	67.1 days	62.4 days
Gross Rental Yield Percent	5.37%	6.5%

Demographics (Median Values)*

Total Population 33302

Weekly Household Income 2107

Household Size 2.80

Average Age 34

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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