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Tennant Creek

POSTAL CODE: NT, 860
HOUSE

Property investors have seen a -6.6% drop in TENNANT CREEK based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains TENNANT CREEK, 860 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 $247,500

Profits averaged -1% per annum over a 3-year period, due to an downward trend in home prices in TENNANT CREEK, 860.

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

The gross rental yield in TENNANT CREEK, 860 is N/A.

An average of 2.5 real estate transactions take place per month in TENNANT CREEK which translates to 30 per annum.

Surburb overview

"Tennant Creek is a unique and culturally diverse town located in the heart of the Barkly region in the Northern Territory. It offers residents a distinctive outback lifestyle with access to essential amenities, rich Indigenous culture and the rugged beauty of the Australian outback.

Tennant Creek is situated approximately 989 kilometres south of Darwin’s central business district (CBD) and 504 kilometres north of Alice Springs. While it is quite remote, it serves as a significant regional centre in the Barkly region.

With a population of around 3,000 residents, Tennant Creek is a close-knit community. The suburb attracts a mix of Indigenous populations, miners, pastoralists and professionals, creating a diverse blend of cultures and backgrounds.

Tennant Creek has limited public transportation options due to its remote location. Residents primarily rely on personal vehicles for commuting. However, there are some local bus services available for transportation within the town.

The town is equipped with essential amenities. Families with children have access to educational institutions like Tennant Creek Primary School and Tennant Creek High School. The town also has a range of local shops, grocery stores and dining options to cater to daily needs.

Tennant Creek presents a unique range of recreational opportunities. The region’s rugged natural beauty is perfect for bushwalking, camping and exploring the surrounding outback. The Battery Hill Mining Centre provides insights into the town’s mining history, and the Nyinkka Nyunyu Art and Culture Centre showcases Indigenous art and culture.

Tennant Creek offers a distinctive outback lifestyle with access to essential amenities, a rich Indigenous heritage, and the opportunity to explore the rugged beauty of the Barkly region. Its diverse community, educational institutions and unique recreational activities make it an appealing choice for individuals seeking a genuine outback experience in the territory."

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