Durack (postcode 0830) is a compact suburb in Northern Territory within the Palmerston local government area. The area has roughly 3,730 residents and a younger, working-age population, with a median age of 31. Households earn a median income of $128K 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, clerical & administrative. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Durack stand at $553,000, having softened modestly by 2.2% over the last twelve months. 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, The gross rental yield works out to roughly 4.7%, which reads 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. 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.