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Larrakeyah

POSTAL CODE: NT, 820
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A survey of average capital gains or median home price increase in suburbs across the country shows that the NT suburb obtained a -9.93% decrease over a ten-year period. It ranks 4657th on our list of suburbs that property investors should look into.

LARRAKEYAH, 820 has a capital gain of -40% for the past year, which is lower than average compared to its 0% growth within a five-year period.

With the median home price in LARRAKEYAH sitting at $570,000, and the average rent at $1100, property owners could potentially earn a 10.04% increase in gross rental yield.

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

LARRAKEYAH, 820 in NT belongs to the local government area of Darwin.

Surburb overview

"Larrakeyah, with the postcode 820, is a sought-after suburb located in the Northern Territory of Australia, adjacent to the Darwin central business district (CBD). This overview will provide comprehensive information reflecting the latest insights into Larrakeyah.

Larrakeyah is uniquely positioned just two kilometres west of Darwin’s CBD, offering residents the convenience of proximity to the city’s core commercial, retail, and entertainment precincts. This prime location makes Larrakeyah one of Darwin’s most prestigious and desirable suburbs for both living and working.

Larrakeyah is home to a diverse population, with a mix of singles, couples, families, and retirees. The area’s demographics are varied, reflecting a wide range of cultural backgrounds and lifestyles. The suburb’s population is characterised by a combination of long-term residents and transient professionals, given its close location to the city and significant defence establishments.

Larrakeyah falls within the jurisdiction of the City of Darwin, which is responsible for local governance, community services, and infrastructure in the area. The city council works actively to maintain and enhance the suburb’s amenities and public spaces.

The suburb is well served by Darwin’s public transportation network, with several bus routes providing efficient access to the CBD and surrounding areas. This connectivity facilitates easy commuting for residents and visitors alike.

Larrakeyah benefits from a wealth of nearby establishments, including schools, shopping centres, and recreational facilities. The suburb is close to Darwin’s vibrant waterfront area, offering a range of dining, shopping, and entertainment options. Larrakeyah also hosts several parks and green spaces, such as the Larrakeyah Barracks and the beautiful Bicentennial Park along the Esplanade, offering walking paths, picnic areas, and stunning views of Darwin Harbour.

The suburb’s location near the waterfront provides numerous recreational opportunities, including fishing, sailing, and enjoying the beach. Residents and visitors can also take advantage of the area’s cultural attractions, such as the Darwin Military Museum and the Cullen Bay Marina, offering leisure and dining experiences with spectacular sunset views.

In summary, Larrakeyah is a vibrant and prestigious suburb that combines the convenience of city living with the tranquillity of coastal life. Its strategic location, diverse population, and wealth of amenities make it a highly desirable place to live, work, and play, embodying the dynamic spirit of Darwin. "

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