Ludmilla

POSTAL CODE: NT, 820

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -0.66% capital gain.

It 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 $750,000

The augmented property values in the suburb are trailing above the territorial average of 7.38% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $680.

Home owners selling their properties and realtors in LUDMILLA usually have to wait an average of 44.5 days days before their assets are lifted off the market.

The NT suburb ranks 47th on the list of best yielding suburbs for rental properties in NT, posting a 4.71% return.

It also places places 32nd in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that LUDMILLA, 820 obtained a 0% decrease over a ten-year period. It ranks 1897th on our list of suburbs that property investors should look into.

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

With the median home price in LUDMILLA sitting at $363,750, and the average rent at $500, property owners could potentially earn a 7.15% increase in gross rental yield.

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

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

Surburb overview

"Ludmilla is a peaceful residential suburb in the Northern Territory, offering residents a relaxed suburban lifestyle with access to essential amenities and a strong sense of community.

Ludmilla is situated approximately 7 kilometres northeast of Darwin’s central business district (CBD). Its close proximity to the city allows residents to enjoy urban conveniences while residing in a quieter suburban setting.

With a population of around 1,500 residents, Ludmilla is a close-knit community known for its family-friendly environment. The suburb attracts a mix of families, professionals and retirees, creating a diverse and welcoming atmosphere.

It falls under the jurisdiction of the City of Darwin, ensuring residents have access to municipal services, infrastructure and community programs tailored to their needs.

Ludmilla 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 Ludmilla Primary School and nearby The Essington School Darwin. The Parap Village Shopping Precinct has a range of retail shops, dining options and services for daily needs.

Ludmilla presents various recreational opportunities. The suburb features several parks, playgrounds and green spaces, making it ideal for outdoor activities and family outings. Nearby Fannie Bay Beach is a popular spot for swimming and picnics.

Ludmilla offers a relaxed suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin 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	$750,000	$363,750
Growth Report
Median Quarterly	4.17%	0%
Median 12 month	13.21%	0%
Median 3 years	-0.66%	4.68%
Median 5 years	48.22%	0%
10 years average annual	2.95%	0%
Weekly media advert. rent	$680	$500
Time on Market	44.5 days	N/A
Gross Rental Yield Percent	4.71%	7.15%

Demographics (Median Values)*

Total Population 19447

Weekly Household Income 2341

Household Size 2.40

Average Age 34

Monthly Loan Repayment 2321

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

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