Larrakeyah is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0820). With a population of 3,943, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $123K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Larrakeyah is $1.8 million, having surged 34% over the past year. Units have a median price of $423,000 (-0.4% YoY). The median weekly rent is $395 (Census 2021). This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $1,800.
Larrakeyah is served by 1 school, including 1 primary. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 1 ferry wharf, 7 bus stops.
From an investment perspective, Larrakeyah offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($1.8M/$711K), placing it in the premium segment. The price-to-income ratio of 14.4x is considered stretched. House prices have moved +34.0% year-on-year.
Larrakeyah is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0820). With a population of 3,943, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $123K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Larrakeyah is $1.8 million, having surged 34% over the past year. Units have a median price of $423,000 (-0.4% YoY). The median weekly rent is $395 (Census 2021). This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $1,800.
Larrakeyah is served by 1 school, including 1 primary. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 1 ferry wharf, 7 bus stops.
From an investment perspective, Larrakeyah offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($1.8M/$711K), placing it in the premium segment. The price-to-income ratio of 14.4x is considered stretched. House prices have moved +34.0% year-on-year.