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AREA REPORTS

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Driver - SUBURB PROFILE REPORT
POSTAL CODE: NT, 830

house
DRIVER ranks 30th in NT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 13.77% for the past year is higher than average compared to its 1.06% growth within a five-year period.

Also in DRIVER, the median home price is sitting at $475,000, and the average rent at $515, this suggests property owners could potentially earn a 5.64% increase in gross rental yield.

Property investors have seen a -1.04% drop in DRIVER based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on DRIVER, 830 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 13.77%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.35% growth over a ten-year period. It ranks 4314th on our list of suburbs that property investors should look into.

Data report can be found below

Driver
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $475,000 N/A
GROWTH REPORT
Median Quarterly -1.04% N/A
Median 12 month 13.77% N/A
Median 3 years 15.85% N/A
Median 5 years 1.06% N/A
10 years average annual 1.35% N/A
Weekly media advert. rent $515 N/A
Time on Market 65.0 days N/A
Gross Rental Yield Percent 5.64% N/A
demographics (median values)*
Total Population
18207
Weekly Household Income
2035
Household Size
2.80
Age
31
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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