Located in Northern Territory within the Darwin local government area, Berrimah is a small community (postcode 0828). It is home to about 1,199 residents, with a mix of young professionals and families and a median age of 32. Households earn a median income of $114K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are Filipino, Australian, English.
The median house price in Berrimah is $1.6 million, having jumped by 73.2% over the past year. Units have a median price of $265,000 (-4.2% YoY). The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,535.
Berrimah is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 18 bus stops.
Looking at the investment signals, Berrimah shows a gross rental yield of approximately 1.3%, rated as low yield. Property prices are above the state median ($1.6M/$711K), placing it in the premium segment. The price-to-income ratio of 14.4x is considered stretched. House prices have moved +73.2% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.