Larapinta NT

Postcode 0875 · Alice Springs LGA

Larapinta is a smaller suburb in Northern Territory within the Alice Springs local government area (postcode 0875). With a population of 2,368, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $108K per year, with an average household size of 2.7 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Aboriginal Australian, Australian, English.

The median house price in Larapinta is $440,000, having dropped significantly 14.5% over the past year. Units have a median price of $309,000 (-8.3% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,733.

Public transport access includes 7 bus stops.

From an investment perspective, Larapinta offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($440K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -14.5% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.1% Moderate Yield
Price vs State$440K/$711K Below Median
Affordability4.1x Affordable
Price Momentum-14.5% Falling
INCOME (ATO 2022-23)
Median Income$74,498
Mean Income$79,458
Earners3,401
YoY Change+0.3%
SEIFA INDEX (ABS)
Advantage2/10
Education5/10
Economic2/10
Disadvantage4/10
MEDIAN HOUSE
$440K
-14.5% YoY
MEDIAN UNIT
$309K
-8.3% YoY
MEDIAN RENT /WK
$350
POPULATION
2,368
DEMOGRAPHICS
Median Age33
Household Size2.7
HH Income /wk$2,078
Personal Income /wk$1094
Mortgage /mth$1,733
TRANSPORT
Bus Stops7
Data: 2024