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Rapid Creek
AREA REPORTS

Rapid Creek

Rapid Creek - SUBURB PROFILE REPORT
POSTAL CODE: NT, 810

house
unit
RAPID CREEK ranks 14th in NT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 43.62% for the past year is higher than average compared to its -2.53% growth within a five-year period.

Also in RAPID CREEK, the median home price is sitting at $675,000, and the average rent at $550, this suggests property owners could potentially earn a 4.24% increase in gross rental yield.

Property investors have seen a 1.12% gain in RAPID CREEK based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on RAPID CREEK, 810 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 43.62%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.93% growth over a ten-year period. It ranks 3801st on our list of suburbs that property investors should look into.

Data report can be found below

Rapid Creek
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $340,000
GROWTH REPORT
Median Quarterly 1.12% 21.43%
Median 12 month 43.62% 5.1%
Median 3 years 3.85% 5.92%
Median 5 years -2.53% 19.93%
10 years average annual 1.93% 1.08%
Weekly media advert. rent $550 $360
Time on Market 0.0 days 79.3 days
Gross Rental Yield Percent 4.24% 5.51%
demographics (median values)*
Total Population
33302
Weekly Household Income
2107
Household Size
2.80
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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