Howard Springs NT

Postcode 0835 · Litchfield LGA

Howard Springs is a smaller suburb in Northern Territory within the Litchfield local government area (postcode 0835). With a population of 3,153, the suburb has an established demographic with a median age of 43. Households earn a median income of $133K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, clerical & administrative, professionals. The top ancestries reported are Australian, English, Irish.

The median house price in Howard Springs is $768,000, having increased 3% over the past year. The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,388.

Howard Springs is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 18 bus stops.

From an investment perspective, Howard Springs offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($768K/$711K). The price-to-income ratio of 5.8x is considered affordable. House prices have moved +3.0% year-on-year.

INVESTMENT SIGNALS
Rental Yield2.7% Low Yield
Price vs State$768K/$711K Near Median
Affordability5.8x Affordable
Price Momentum+3.0% Stable
INCOME (ATO 2022-23)
Median Income$76,297
Mean Income$81,246
Earners3,158
YoY Change+3.2%
SEIFA INDEX (ABS)
Advantage8/10
Education5/10
Economic9/10
Disadvantage8/10
MEDIAN HOUSE
$768K
3% YoY
MEDIAN RENT /WK
$400
POPULATION
3,153
DEMOGRAPHICS
Median Age43
Household Size2.9
HH Income /wk$2,560
Personal Income /wk$1118
Mortgage /mth$2,388
TRANSPORT
Bus Stops18
SCHOOLS (2)
Avg ICSEA988
Total Students1,394
Independent1
Government1
Good Shepherd Lutheran CollegeCombined · Independent · ICSEA 1025
Howard Springs Primary SchoolPrimary · Government · ICSEA 951
Data: 2024