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Herbert

POSTAL CODE: NT, 836
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -2.27% capital gain.

It 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 $645,000

The augmented property values in the suburb are trailing behind the territorial average of 7.87% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of N/A.

Home owners selling their properties and realtors in HERBERT usually have to wait an average of 67.1 days days before their assets are lifted off the market.

The NT suburb ranks 61st on the list of best yielding suburbs for rental properties in NT, posting a N/A return.

It also places places th in Australia based on median property value growth during the quarter.

Surburb overview

"Herbert is a rapidly growing suburb under the jurisdiction of the Litchfield Municipality located in the Northern Territory, offering a comfortable suburban lifestyle with access to essential amenities and a sense of community.

Herbert is situated approximately 42-46 kilometres southeast 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 1,610 residents and growing, Herbert is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Herbert benefits from efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Durack Primary School and nearby John Curtin College of the Arts. The Gateway Shopping Centre, just a short distance away, has a range of retail shops, dining options and entertainment facilities.

Herbert presents a variety of recreational opportunities. The suburb boasts multiple parks, playgrounds and green spaces, making it ideal for outdoor activities and family picnics. The nearby Marlow Lagoon Recreation Reserve is popular for sports and leisurely walks.

Herbert offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and growing community, educational institutions 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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