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Parap

Suburb Profile

Parap - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,820

unit

A survey of average capital gains or median home price increase in suburbs across the country shows that PARAP, 820 obtained a -1.76% decrease over a ten-year period. It ranks 1456th on our list of suburbs that property investors should look into.

PARAP, 820 has a capital gain of -32.35% for the past year, which is lower than average compared to its -61.67% growth within a five-year period.

With the median home price in PARAP sitting at $230,000, and the average rent at $450, property owners could potentially earn a 10.17% increase in gross rental yield.

A -32.35% increase in median property prices in PARAP, 820 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 14th.

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

PARAP, 820 in NT belongs to the local government area of Darwin (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $230,000
GROWTH REPORT
Median Quarterly N/A -15.98%
Median 12 month N/A -32.35%
Median 3 years N/A -44.58%
Median 5 years N/A -61.67%
10 years average annual N/A -1.76%
Weekly media advert. rent N/A $450
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 10.17%
demographics (median values)
Total Population
1803
Weekly Household Income
1267
Household Size
2.30
demographics
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