Ranken is a small, quiet locality in Northern Territory within the Barkly local government area (postcode 4825). The area has roughly 51 residents and a predominantly early-career demographic, with a median age of 27. Households earn a median income of $110K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 labourers, managers, community & personal service. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Aboriginal Australian, Australian.
The median weekly rent is $143 (Census 2021).
From an investment perspective, Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.