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Durack
AREA REPORTS

Durack

Durack - SUBURB PROFILE REPORT
POSTAL CODE: NT, 830

house

DURACK, 830 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NT have risen as a whole, pulling DURACK, 830 values up and netting property investors a capital gain of 23.21% for the past year.

Investors saw the median home price rise to $517,500.

Profits due to an upward trend in home prices in the suburb averaged 4.79% per annum over a 3-year period.

DURACK now ranks at the 37th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $530 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DURACK, homes and units usually stay on listing for an average of 66.5 days.

In 2016, 60 properties were sold in DURACK during the past year, making it the 3rd most active market in NT based on total real estate transactions.

Data report can be found below

Durack
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $517,500 N/A
GROWTH REPORT
Median Quarterly 1.47% N/A
Median 12 month 23.21% N/A
Median 3 years 14.36% N/A
Median 5 years 5.61% N/A
10 years average annual 0.3% N/A
Weekly media advert. rent $530 N/A
Time on Market 66.5 days N/A
Gross Rental Yield Percent 5.33% 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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