Rapid Creek is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0810). With a population of 3,261, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $115K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Rapid Creek is $800,000, having grown strongly 8.1% over the past year. 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 offers a gross rental yield of 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.
Rapid Creek is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0810). With a population of 3,261, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $115K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Rapid Creek is $800,000, having grown strongly 8.1% over the past year. 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 offers a gross rental yield of 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.