Bakewell is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0832). With a population of 3,091, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, technicians & trades, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Bakewell is $485,000, having dipped slightly 0.9% over the past year. Units have a median price of $257,000 (+0.8% YoY). The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,742.
Bakewell is served by 1 school, including 1 primary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 7 bus stops.
From an investment perspective, Bakewell offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($485K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -0.9% year-on-year.
Bakewell is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0832). With a population of 3,091, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, technicians & trades, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Bakewell is $485,000, having dipped slightly 0.9% over the past year. Units have a median price of $257,000 (+0.8% YoY). The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,742.
Bakewell is served by 1 school, including 1 primary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 7 bus stops.
From an investment perspective, Bakewell offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($485K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -0.9% year-on-year.