Alice Springs Municipality, NT
The Alice Springs real estate market is appealing to buyers for many different reasons. In addition to being a great place for scenic drives and outdoor activities, Alice Springs has a relatively high employment rate. There are also plenty of places to live, from apartments to single-family homes, as well as a variety of educational opportunities for children. If you’re looking for a new home or another investment property that offers higher than average rental income returns, it might be time to consider buying real estate in Alice Springs.
Alice Springs is a very small town in the middle of the desert. The tourism industry is a huge driving force of the local economy, and brings a lot of families into the town. Housing is quite affordable here compared to other places, and this is why so many people choose to stay instead of moving elsewhere. Also, it’s a popular area for tourists to visit, since there are many wildlife and outdoor attractions. It’s a very family-friendly town, too, with lots of shopping options and activities. If you’re looking for a solid investment, Alice Springs is a great option.
The local real estate market has a lot of potential for growth. Additionally, homeowners have the added advantage of low home prices, which gives them the financial flexibility to leave their properties unoccupied and save on interest repayments. Property values tend to be low, as there is little demand influx due to isolated nature of the town’s geography.
Alice Springs is one of the major centers for education in the Northern Territory. If you’re looking for a home that is near schools, then you may want to consider buying in Alice Springs. However, because the area has a high crime rate, buyers need to be particularly cautious.
Safety Security is a major concern in Alice Springs. Crime is generally a problem in Northern Territory as a whole, but Alice Springs has a higher rate of crime than most locations in the region. Apartments are generally safer than single-family homes.
Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
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AUS Suburbs ( houses )
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Stock on Market
Days on Market
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Property Market in Alice Springs Municipality, NT
Alice Springs Municipality is located in the Macdonnel Region of Northern Territory. The nearest active property market is Darwin.
The population of Alice Springs has reached 32,000 in June 2021, with an average growth rate of 2.40% over the 10 year period. This calculation is based on the Australian Bureau of Statistics data.
One of the main initiatives is the Alice Springs to Darwin Corridor Upgrade. Improved road safety, increased freight efficiency, and an increase in economic productivity are just some of the benefits of this project.
You can find out more about Alice Springs current infrastructure projects on the Northern Territory Government website.
The NT Government’s biggest ever release of land has been released to accommodate 6,500 homes and support economic development right across the Territory. It includes new subdivisions in Kilgariff in Alice Springs.
You’ll find many major Australian retailers like Just Jeans, Priceline, Sussan, Millers, Payless Shoes and Jay Jays in Alice Springs. Yeperenye Shopping Centre is Alice Springs’ most popular shopping mall, with a range of shops and a supermarket. Alice Plaza is a smaller mall, with a range of specialty stores.
The Central Australia region is the largest industry sector in terms of number of employees. Mining, Construction, Health care and social assistance are the main contributors to this. However, when looking at average incomes in the region, it is lower than that of NT’s.
The proportion of households without children is on the rise in Alice Springs. Approximately 23% of the population in Alice Springs was born overseas. Roughly 24% of the population are between 0-17 years of age, and 13% are 60 years or older.
Historically the unemployment rate in Alice Springs has not exceeded 2.9%. It has been trending upwards for the last few years.
Suburbs/localities in this Local Government Area: Flynn 0875, Gillen 0870, Ilparpa 0873, Irlpme 0874, Araluen 0870, Larapinta 0875, Arumbera 0873, Mount Johns 0874, Ross 0873, Sadadeen 0870, Stuart 0870, The Gap 0870, Undoolya 0874, White Gums 0870, Kilgariff 0873, Braitling 0870, Alice Springs 0870, Ciccone 0870, Connellan 0873, Desert Springs 0870, East Side 0870