Tennant Creek is a smaller suburb in Northern Territory within the Barkly local government area (postcode 0860). With a population of 3,080, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $87K per year, with an average household size of 2.7 people. The most common occupations are community & personal service, professionals, managers. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Tennant Creek is $275,000, having grown strongly 5.8% over the past year. Units have a median price of $1.1 million. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,114.
Tennant Creek is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 743, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Tennant Creek offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($275K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +5.8% year-on-year.
Tennant Creek is a smaller suburb in Northern Territory within the Barkly local government area (postcode 0860). With a population of 3,080, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $87K per year, with an average household size of 2.7 people. The most common occupations are community & personal service, professionals, managers. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Tennant Creek is $275,000, having grown strongly 5.8% over the past year. Units have a median price of $1.1 million. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,114.
Tennant Creek is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 743, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Tennant Creek offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($275K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +5.8% year-on-year.