Ludmilla (postcode 0820) is a close-knit residential community in Northern Territory within the Darwin local government area. With a population of 1,667, the suburb has a blend of families and working-age professionals with a median age of 35. Households earn a median income of $107K per year, with an average household size of 2.7 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 healthcare. The top ancestries reported are English, Australian, Aboriginal Australian.
Ludmilla has a median house price of $570,000, which has dropped significantly by 26.9% year-on-year. Units have a median price of $446,000 (-42.9% YoY). The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,058.
Ludmilla is served by 1 school, including 1 primary. The average ICSEA score is 905, which is below the national average of 1,000. Public transport access includes 11 bus stops.
From an investment perspective, Ludmilla shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($570K/$711K). The price-to-income ratio of 5.3x is considered affordable. House prices have moved -26.9% 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.