Flynn (postcode 0875) is a small, quiet locality in Northern Territory within the Alice Springs local government area. With a population of 119, the suburb has a younger, working-age population with a median age of 30. Households earn a median income of $43K per year, with an average household size of 3.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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.
Median house prices in Flynn stand at $453,000, having dropped significantly by 9.3% over the last twelve months. Units have a median price of $285,000 (-6.4% YoY). The median weekly rent is $90 (Census 2021). This gives a gross rental yield of approximately 1.0%.
Public transport access includes 1 bus stop.
From an investment perspective, The gross rental yield works out to roughly 1.0%, which reads as low yield. Property prices sit below the state median ($453K/$711K), which can point to relative value. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -9.3% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.