Larrakeyah (postcode 0820) is a smaller residential area in Northern Territory within the Darwin local government area. With a population of 3,943, the suburb has a mix of families and early-career residents with a median age of 33. Households earn a median income of $123K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 professionals, managers, community & personal service. Employment in the area leans toward public admin & safety and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Larrakeyah is $1.8 million, having climbed sharply by 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.
Looking at the investment signals, The gross rental yield works out to roughly 1.2%, which reads 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. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.