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Desert Springs, NT 0870

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Desert Springs, NT 0870 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Desert Springs, NT 0870”

  1. The total adult population (15 years or older) of Desert Springs 0870 NT is 1,215, with a median age of 36. Of those, 54.73% are married, 10.70% are divorced or separated, 31.52% are single and 2.88% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $13,284. The median monthly mortgage repayment for households in this suburb is $2,264 which is 17.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NT, the suburb of DESERT SPRINGS 0870 hosts approximately 667 households. As we venture through Q3 of 2023, we note that typical house prices in the suburb stand at an impressive $828,373, with a median weekly rent of $819. This leads us to an inviting indicative yield of about 5.14%, painting an attractive picture for cash flow-centered property investors.

    The area boasts a quite robust IRSAD score of 1119 out of 1200, signalling an affluent socio-economic status with greater access to resources and a higher concentration of skilled professions. With a renter to owner ratio at 34%, DESERT SPRINGS 0870 lies just above the more favourable range fostering healthy returns in the long term while also mitigating potential risks and competition among property investors.

    Furthermore, the units to houses ratio presents a healthy 31%, indicating a higher preference for housed living among the residents, potentially leading to less competition among landlords and a longer tenancy period, further enhancing rental yields. An oversupply of the market with units is, therefore, far from the mark in this district, providing a stable foundation for property prices even in a potential market cool-down or regulatory change.

    Moreover, the affordability index for houses in DESERT SPRINGS shows an estimable 24 years, demonstrating a higher level of affordability among residents and further increasing the appeal of this market.

    Dipping into supply metrics, we note a stock on market Percentage for houses at 0.95%, placing us in a neutral market condition. The inventory level for houses stands at approximately 2.67 months, also suggesting a balanced market. The building approvals Ratio for houses is notably low at 0.24%, indicating a slow supply of new dwellings and maintaining a favourability towards current homeowners and investors.

    Turning our sight to demand metrics, we see an average of 81 days on market for houses, landing us just short of a high demand market. The Vacancy Rate, combining houses and units, reveals a slightly higher number at 3.93%, fluidly hovering around a neutral demand point. Lastly, the buy search index for houses is 3, hinting towards a modest level of demand.

    Altogether, DESERT SPRINGS presents a distinctive blend of property market conditions, rendering it an interesting enclave for property investors and buyers looking beyond solitary metrics. It demonstrates the importance of comprehensive market analysis and utilisation of tools such as the RCS (Relative Composite Score) by HtAG Analytics which integrates over 80 metrics for holistic market comprehension.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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