Stuart Park is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0820). The area has roughly 4,101 residents and a mix of young professionals and families, with a median age of 34. Households earn a median income of $118K 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 healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Stuart Park is $820,000, having posted strong gains by 8.6% over the past year. Units have a median price of $382,000 (+4.7% YoY). The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,980.
Stuart Park is served by 1 school, including 1 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 13 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($820K/$711K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +8.6% 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.