NT/
Marrara

Suburb Profile

Marrara - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,812

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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 $651,000.

Average weekly rents on listings have reached the $640 mark, reflecting a 5.11% increase in returns based on the current median price in MARRARA.

An average of 1.17 real estate transactions take place per month in MARRARA which translates to 14 per annum.

14 properties were sold in MARRARA in 2016, making it the 48th most active market in NT based on total real estate transactions.

MARRARA, 812 places 41st in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $651,000 $294,000
GROWTH REPORT
Median Quarterly -4.96% -13.53%
Median 12 month N/A N/A
Median 3 years N/A -28.29%
Median 5 years -11.43% -32.02%
10 years average annual N/A N/A
Weekly media advert. rent $640 $375
Time on Market 89.0 days 0.0 days
Gross Rental Yield Percent 5.11% 6.63%
demographics (median values)
Total Population
1402
Weekly Household Income
1310
Household Size
2.30
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Marrara, NT
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