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Berrimah

POSTAL CODE: NT, 828
HOUSE
UNIT

Property investors have seen a 3% gain in BERRIMAH based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BERRIMAH, 828 saw average growth in the long term.

The NT 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 $686,000

Profits averaged -6% per annum over a 3-year period, due to an downward trend in home prices in BERRIMAH, 828.

This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.

The gross rental yield in BERRIMAH, 828 is 5.91%.

An average of 2.83 real estate transactions take place per month in BERRIMAH which translates to 34 per annum.

Surburb overview

"Berrimah, with the postcode 828, is a strategically positioned suburb in the Northern Territory, situated midway between Darwin, the capital city, and Palmerston, making it a key area for industrial, commercial, and, recently, residential development. This overview encapsulates the latest data and attributes of Berrimah, reflecting its evolving dynamics and the opportunities it presents.

Berrimah is approximately nine kilometres east of Darwin’s central business district (CBD) and similarly close to the city of Palmerston. This central location along the Stuart Highway offers excellent accessibility to major urban centres, making it an attractive hub for businesses and residents seeking proximity to city amenities while enjoying a more relaxed suburban environment.

Historically known more for its industrial estates than as a residential area, Berrimah is transforming with the development of new residential communities. This shift is attracting a diverse population, including professionals, families, and workers seeking the convenience of its location. The suburb’s demographics are evolving, with a gradual increase in population reflecting this change.

Berrimah is part of the City of Darwin municipality, which oversees local governance and infrastructure services. The council’s initiatives in Berrimah focus on supporting commercial growth while enhancing residential liveability through the development of amenities and services.

The suburb is well-served by public transportation, with bus services providing connectivity to Darwin, Palmerston, and other suburbs. This network facilitates easy access to employment, education, and recreational activities for residents without reliance on private vehicles.

Berrimah’s industrial roots mean it is home to numerous businesses, including large warehouses, showrooms, and specialty stores. Recent developments have seen the introduction of shopping facilities, eateries, and service providers catering to the growing residential community. Educational and healthcare services are accessible in adjacent suburbs, enhancing Berrimah’s appeal as a place to live.

While Berrimah’s recreational offerings have traditionally been industrial-centric, the area is close to several parks and nature reserves, providing residents with opportunities for outdoor activities. The development of residential zones is also bringing with it the creation of green spaces and community facilities within the suburb.

In conclusion, Berrimah is transitioning from its industrial heritage to a more balanced community, offering both commercial opportunities and residential appeal. Its strategic location, combined with ongoing development, positions Berrimah as a key player in the NT’s urban landscape, promising a future where business and lifestyle converge. "

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