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Bellamack, 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 Bellamack, 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 “Bellamack, NT 0832”

  1. The total adult population (15 years or older) of Bellamack 0832 NT is 1,763, with a median age of 29. Of those, 42.26% are married, 9.76% are divorced or separated, 45.43% are single and 2.67% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,344. The median monthly mortgage repayment for households in this suburb is $2,400 which is 23.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the territory of Northern Territory (NT), the suburb of BELLAMACK 0832 is home to an estimated 974 households. As we survey the suburban landscape in the third quarter of 2023, house prices in BELLAMACK average at a notable $606,517 while the median weekly rent teeters at $640. This generates an impressive indicative yield of 5.49%, a figure that certainly captures attention from cashflow-centered property investors.

    Stepping into the socio-economic parameters of the locale, BELLAMACK brandishes an IRSAD score of 1036 out of 1200, speaking volumes of the area’s prosperous socio-economic climate. However, a scrutinizing gaze reveals a renter to owner ratio of 57%. This figure primarily propels BELLAMACK towards the higher spectrum of the investment risk scale owing to the over-saturation of rental properties in the marketplace. Nevertheless, on the brighter side, BELLAMACK boasts a units to houses ratio of a mere 6%, signifying a lower proportion of units a favourable environment for family-oriented tenancy and potential rental yield.

    Navigating the property affordability index, prospective property owners in BELLAMACK would find themselves owning property in an estimated 23 years. A promising score below the average 30-year threshold indicating BELLAMACK’s high affordability matrix which is certainly a prospect for potential investors.

    In terms of supply metrics, BELLAMACK scores favourable with a low stock on market percentage of 0.11% and an inventory level of just 0.29 months. This low supply environment inherently elevates the value of existing property listings. Meanwhile, the subdued building approvals ratio for houses at 0% indicates a limited influx of new properties potentially maintaining the overall property values.

    The suburb currently faces a moderate demand with houses typically spending 51 days on the market before being snapped up. Consequently, the vacancy rate, combining both houses and units, stands at 2.14% suggesting a balanced market.

    Lastly, the buy search index for houses in BELLAMACK teeters at 6, suggesting a high level of interest from prospective buyers, reinforcing the overall appeal of this suburb within the property market landscape.

    While data does identify more favourable metrics, in BELLAMACK property market, the relatively high renter to owner ratio warrants a level of caution. However, with a generally favourable trend among other key metrics, the suburb still presents itself as a beneficial venture for the observant property investor. Remember, the key lies in closely monitoring the RCS (Relative Composite Score) and other significant metrics to substantiate investment decisions in real estate.

    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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