Marrara

POSTAL CODE: NT, 812

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $740,000.

The downward trend in home prices in MARRARA, 812 averaged -2.69% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in MARRARA.

An average of 2.08 real estate transactions take place per month in MARRARA which translates to 25 per annum.

25 properties were sold in MARRARA in 2016, making it the 43rd most active market in NT based on total real estate transactions.

MARRARA, 812 places 54th in Australia based on median property value growth during the quarter.

The suburb also 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 $357,500.

Average median unit prices in NT have risen as a whole, pulling MARRARA, 812 values up and netting property investors a capital gain of 13.49% for the past year.

Investors saw the median home price rise to $357,500.

The upward trend in home prices in MARRARA, 812 averaged 0.96% per annum over a 3-year period.

MARRARA now ranks at the 12th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MARRARA are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MARRARA, homes and units usually stay on listing for an average of N/A.

24 properties were sold in MARRARA in 2016, making it the 17th most active market in NT based on total real estate transactions.

Surburb overview

"Marrara is a vibrant and well-connected suburb located in the City of Darwin, offering residents a comfortable suburban lifestyle with access to essential amenities and a strong sense of community.

Marrara is conveniently situated approximately 11 kilometres northeast of Darwin’s central business district (CBD). Its central location allows residents to enjoy the city’s amenities while residing in a peaceful suburban environment.

With a population of around 1,500 residents, Marrara is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Marrara 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 Marrara Christian School and Malak Primary School. The nearby Casuarina Square Shopping Centre has a range of retail shops, dining options and entertainment facilities.

Marrara presents a variety of recreational opportunities. The Marrara Sporting Complex is a prominent feature of the suburb, hosting various sporting events and activities. Nearby parks and green spaces, such as Marrara Oval and Bicentennial Park, provide spaces for outdoor activities, picnics and relaxation. The suburb’s proximity to the Darwin International Airport also allows residents to explore domestic and international travel options.

Marrara offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin’s city centre make it an appealing choice for individuals and families seeking a peaceful 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	$740,000	$357,500
Growth Report
Median Quarterly	-1.33%	5.15%
Median 12 month	-7.5%	13.49%
Median 3 years	-8.07%	2.88%
Median 5 years	0%	0%
10 years average annual	-6.85%	-0.74%
Weekly media advert. rent	N/A	$520
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	7.56%

Demographics (Median Values)*

Total Population 18873

Weekly Household Income 2028

Household Size 2.80

Average Age 35

Monthly Loan Repayment 2134

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

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