Howard Springs (postcode 0835) is a smaller residential area in Northern Territory within the Litchfield local government area. With a population of 3,153, the suburb has an established family 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 technicians & trades, clerical & administrative, professionals. Employment in the area leans toward construction and public admin & safety. The top ancestries reported are Australian, English, Irish.
Howard Springs has a median house price of $768,000, which has moved higher by 3% year-on-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. The crime rate in the Litchfield LGA is higher than average at 19,124 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.7% (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. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.