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Bakewell, NT 0832

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 Bakewell, NT 0832 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 “Bakewell, NT 0832”

  1. The total adult population (15 years or older) of Bakewell 0832 NT is 2,356, with a median age of 32. Of those, 35.70% are married, 15.58% are divorced or separated, 46.10% are single and 3.01% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,820. The median monthly mortgage repayment for households in this suburb is $1,742 which is 19.75% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the Northern Territory, the suburb of Bakewell, postcode 0832, hosts a total of 1,356 households. As we move into Q3 of 2023, the typical price for houses within this area sits at $492,725. Considering the median weekly rent being $584, we witness an impressive indicative yield of 6.16%.

    Analyzing the socio-economic score of the area, we find a solid IRSAD score of 974 out of 1,200. This suggests that Bakewell is populated with residents having a good level of economic resources, respectable income levels, and a higher proportion of skilled professions.

    Looking at the owner to renter ratio, Bakewell shows a slight skew towards rental properties, registering at 46%. While it’s slightly higher than the ideal range, it presents an opportunity for investors hunting for rental returns given the outstanding indicative yield.

    The units to houses ratio rests at 42%. This is comfortably within the favourable range, indicating a balance in the types of properties available, while reducing the risk of oversaturation in the rental market for units.

    Affordability in Bakewell also paints a positive image. With an affordability index sitting at 22 years, it outlines that residents can attain full property ownership at a quicker rate, compared to many other Australian suburbs.

    Examining the supply metrics, the stock on market Percentage for houses in Bakewell is at the neutral level of 0.72%. The inventory level stands at a favourable low 1.4 months, denoting a high absorption rate for new listings. Furthermore, the building approvals Ratio for houses is at a very low 0.0%, showing limited new supply in the pipeline.

    The market shows a lengthy average of 189 days on market for houses, reflecting a bit of a slower pace in property turnover. The combined vacancy rate for both houses and units is 2.43%, which sits within the neutral range, indicating balance between supply and demand.

    Finally, the buy search index for houses sits at 3. While this is at the lower end of the scale, it gives property investors opportunities to explore given the other highly favourable factors. In light of these insights, it’s legitimate to conclude that Bakewell offers a mixture of opportunities for savvy property investors. Remember, the RCS by HtAG Analytics aggregates numerous factors like these for a more comprehensive market understanding.

    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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