Driver is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 2,747, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $103K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Driver is $458,000, having declined 4.7% over the past 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 offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($458K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -4.7% year-on-year.
Driver is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 2,747, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $103K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Driver is $458,000, having declined 4.7% over the past 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 offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($458K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -4.7% year-on-year.