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Herbert, NT 0836

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 Herbert, NT 0836 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 “Herbert, NT 0836”

  1. The total adult population (15 years or older) of Herbert 0836 NT is 1,230, with a median age of 38. Of those, 46.42% are married, 12.85% are divorced or separated, 38.46% are single and 1.95% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $12,020. The median monthly mortgage repayment for households in this suburb is $2,323 which is 19.33% of their earnings.

    Source: ABS Census Data (2021)

  2. The Northern Territory suburb of Herbert, with postcode 0836, is a pocket-sized community composed of an estimated 628 households. As we enter the third quarter of 2023, the typical house price in Herbert is a modest $743,667, while the median weekly rent stands at $790. These figures combined point towards a very enticing indicative yield of 5.54%, considerably exceeding the minimum 3% marker set for attractive cash-flow-centred investments.

    In terms of socio-economic status, the IRSAD score for Herbert settles at 1036 out of 1217, signifying a relatively well-off suburb with a strong economic backbone. Another noteworthy factor for property investors is the advantageous renter to owner ratio of 12%. This value significantly undercuts the 30% boundary signifying excessive rental market saturation, thus implying stronger long-term returns and reduced risk factors.

    There are also notable signs of a favourable housing market, evidenced by the total absence of units (0% units to houses ratio). This low competition amongst landlords due to less rental supply generally contributes to better rental yields and longer tenancy periods, especially among families looking for houses rather than units. Greatly aiding property ownership within the region, our affordability index denotes a manageable 24-year repayment period for new homeowners, comfortably beneath the 30-year mortgage standard.

    When looking at supply metrics, Herbert posts impressive results. The minimal 0.16% stock on market Percentage implies limited unsold properties, suggesting a seller’s market. The low inventory level of 0.86 months exhibits an efficient absorption of new listings, further pointing towards a heated property market. However, the building approvals Ratio for houses at 0.96% could signal a modest influx of new dwellings, yet still well within the favourable conditions range.

    As for demand metrics, the relatively short average of 22 days on market for houses signal a fast-paced property market, expressing a high level of demand. However, the vacancy rate at 2.74%, while not excessively high, may suggest potential competition for rental property owners to secure tenants. Again, it’s worth noting that although the buy search index for houses is just at 2, this property market elicits a mix of encouraging fundamentals and supply indicators which partly compensate for this low demand indicator.

    Such pieces of information, combined with a comprehensive dashboard view of trends, can provide valuable insights and assist in your property investment decisions. Remember, it’s fine to have some metrics leaning towards the unfavourable side as long as the majority offer encouraging signs. HtAG Analytics’ Relative Composite Score (RCS) performs this heavy lifting for you, utilising over 80 metrics to keep you informed, and your investment strategy, on track.

    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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