Driver is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). It is home to about 2,747 residents, with a mix of young professionals and families and a median age of 33. Households earn a median income of $103K per year, with an average household size of 2.7 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Driver has a median house price of $458,000, which has declined by 4.7% year-on-year. Units have a median price of $253,000 (-5.9% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,950.
Driver is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 899, which is well below the national average of 1,000. Public transport access includes 14 bus stops.
From an investment perspective, Driver shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($458K/$711K), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -4.7% 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.