Located in Northern Territory within the Darwin local government area, Darwin City is a medium-sized suburb (postcode 0800). It is home to about 7,149 residents, with a mix of young professionals and families and a median age of 33. Households earn a median income of $112K per year, with an average household size of 2 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, managers. Employment in the area leans toward public admin & safety and accommodation & food. The top ancestries reported are English, Australian, Irish.
Units have a median price of $420,000 (-5.4% YoY). The median weekly rent is $450 (Census 2021). This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,781.
Public transport access includes 14 bus stops.
From an investment perspective, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($420K/$711K), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -5.4% 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.