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Marrara
AREA REPORTS

Marrara

Marrara - SUBURB PROFILE REPORT
POSTAL CODE: NT, 812

unit

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 $340,000.

Investors saw the median home price rise to $340,000.

The upward trend in home prices in MARRARA, 812 averaged 5.35% per annum over a 3-year period.

Real estate investors could earn a rental income of $350 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 0.0 days.

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

Data report can be found below

Marrara
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $340,000
GROWTH REPORT
Median Quarterly N/A N/A
Median 12 month N/A N/A
Median 3 years N/A 16.04%
Median 5 years N/A -22.73%
10 years average annual N/A 2.9%
Weekly media advert. rent N/A $350
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 5.35%
demographics (median values)*
Total Population
18873
Weekly Household Income
2028
Household Size
2.80
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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