Located in Northern Territory within the Darwin local government area, Wulagi is a smaller suburb (postcode 0812). It is home to about 2,510 residents, with a blend of families and working-age professionals and a median age of 36. Households earn a median income of $121K per year, with an average household size of 2.9 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, clerical & administrative, technicians & trades. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Wulagi is $533,000, having fallen sharply by 11.2% over the past year. The median weekly rent is $425 (Census 2021). This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,000.
Wulagi is served by 1 school, including 1 primary. The average ICSEA score is 890, which is well below the national average of 1,000. Public transport access includes 10 bus stops.
Looking at the investment signals, Gross rental yield sits at around 4.2% (moderate yield). Property prices are near the state median ($533K/$711K). The price-to-income ratio of 4.4x is considered affordable. House prices have moved -11.2% 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.