Durack is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,730, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $128K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Durack is $553,000, having dipped slightly 2.2% over the past year. Units have a median price of $373,000. The median weekly rent is $500 (Census 2021). This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,167.
Durack is served by 1 school, including 1 primary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 15 bus stops.
From an investment perspective, Durack offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($553K/$711K). The price-to-income ratio of 4.3x is considered affordable. House prices have moved -2.2% year-on-year.
Durack is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,730, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $128K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Durack is $553,000, having dipped slightly 2.2% over the past year. Units have a median price of $373,000. The median weekly rent is $500 (Census 2021). This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,167.
Durack is served by 1 school, including 1 primary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 15 bus stops.
From an investment perspective, Durack offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($553K/$711K). The price-to-income ratio of 4.3x is considered affordable. House prices have moved -2.2% year-on-year.