Flynn is a quiet locality in Northern Territory within the Alice Springs local government area (postcode 0875). With a population of 119, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $43K per year, with an average household size of 3.5 people.
The median house price in Flynn is $453,000, having dropped significantly 9.3% over the past year. 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, Flynn offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($453K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -9.3% year-on-year.
Flynn is a quiet locality in Northern Territory within the Alice Springs local government area (postcode 0875). With a population of 119, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $43K per year, with an average household size of 3.5 people.
The median house price in Flynn is $453,000, having dropped significantly 9.3% over the past year. 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, Flynn offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($453K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -9.3% year-on-year.