Weddell is a small, quiet locality in Northern Territory within the Litchfield local government area (postcode 0822). The area has roughly 61 residents and a settled mid-life population, with a median age of 43. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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, clerical & administrative, machinery operators & drivers. Employment in the area leans toward public admin & safety and education. The top ancestries reported are English, Australian, Irish.
The median house price in Weddell is $670,000, having posted strong gains by 8.9% over the past year. The median weekly rent is $275 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,600.
The crime rate in the Litchfield LGA is higher than average at 221,311 incidents per 100,000 population.
On the investment side, Weddell shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are near the state median ($670K/$711K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved +8.9% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.