Rapid Creek (postcode 0810) is a smaller residential area in Northern Territory within the Darwin local government area. With a population of 3,261, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $115K per year, with an average household size of 2.4 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, community & personal service, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Rapid Creek stand at $800,000, having grown strongly by 8.1% over the last twelve months. Units have a median price of $408,000 (+2% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,956.
Rapid Creek is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1102, which is well above the national average of 1,000. Public transport access includes 15 bus stops.
From an investment perspective, Rapid Creek shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($800K/$711K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved +8.1% 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.