Woodroffe is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,175, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Woodroffe is $427,000, having dipped slightly 1.8% over the past year. Units have a median price of $278,000 (+19.4% YoY). The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,800.
Woodroffe is served by 2 schools, including 2 primary. The average ICSEA score is 912, which is below the national average of 1,000. Public transport access includes 9 bus stops.
From an investment perspective, Woodroffe offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($427K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -1.8% year-on-year.
Woodroffe is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,175, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Woodroffe is $427,000, having dipped slightly 1.8% over the past year. Units have a median price of $278,000 (+19.4% YoY). The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,800.
Woodroffe is served by 2 schools, including 2 primary. The average ICSEA score is 912, which is below the national average of 1,000. Public transport access includes 9 bus stops.
From an investment perspective, Woodroffe offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($427K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -1.8% year-on-year.