Driver

POSTAL CODE: NT, 830
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DRIVER ranks 17th in NT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 30.43% for the past year is higher than average compared to its 42.86% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in DRIVER, the median home price is sitting at $600,000, and the average rent at $630, this suggests property owners could potentially earn a 5.46% increase in gross rental yield.

Property investors have seen a 7.14% gain in DRIVER based on an increase 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 30.43%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.9% growth over a ten-year period. It ranks 3499th on our list of suburbs that property investors should look into.

Surburb overview

"Driver is a family-friendly and well-established suburb located in the Northern Territory that falls under the jurisdiction of the City of Palmerston, offering a comfortable suburban lifestyle with access to essential amenities.

Driver is conveniently situated approximately 22 kilometres northeast of Darwin’s central business district (CBD). While it provides a peaceful suburban atmosphere, it remains within a reasonable commuting distance to the heart of the city.

With a population of around 3,000 residents, Driver 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.

Driver benefits from efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and surrounding suburbs. This provides residents with a convenient and accessible way to commute to work or explore the city.

Families in Driver have access to quality education through institutions like Driver Primary School and nearby Good Shepherd Lutheran College. The Palmerston Shopping Centre, just a short drive away, has a range of retail shops, dining options and entertainment facilities.

The suburb has a variety of recreational opportunities. Driver Skate Park is a popular spot for skating enthusiasts, and nearby parks like the Marlow Lagoon Recreation Reserve provide green spaces for picnics, sports and outdoor activities. The suburb’s proximity to the McMinns Lagoon Reserve also offers opportunities for birdwatching and nature walks.

Driver provides a comfortable suburban lifestyle with access to essential amenities and recreational opportunities. Its diverse community, educational options 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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