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Johnston, 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 Johnston, 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 “Johnston, NT 0832”

  1. The total adult population (15 years or older) of Johnston 0832 NT is 1,713, with a median age of 28. Of those, 43.08% are married, 9.98% are divorced or separated, 45.65% are single and 1.46% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,820. The median monthly mortgage repayment for households in this suburb is $2,400 which is 24.44% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the Northern Territory, the suburb of JOHNSTON 0832 is estimated to support around 1118 households. As we move into Q3 of 2023, average house prices in this neighbourhood sit at approximately $704,718. These homes currently see a median weekly rent price of $653 which, coupled with the value of the property, produces an indicative yield of 4.82%. This yield demonstrates a promising return for property investors, surpassing the ideal minimum of 3% for cashflow-centered property investments.

    When assessing the socio-economic status of the suburb, JOHNSTON 0832 earns an IRSAD score of 1007 out of 1200. This high score signifies a robust socio-economic standing among the residents and suggests a greater capacity for them to consistently meet rental obligations.

    The renter to owner ratio for the suburb is 62%, which falls into a higher and potentially riskier range for investors. This suggests a high concentration of renters, which could lead to high competition among property owners and potentially, lower returns in the long-run.

    In terms of the housing stock, the suburb sees a favourable 40% units to houses ratio, which is below the crucial 50% threshold. This ratio indicates a balanced property market, which could provide less competition amongst landlords for tenants, helping to maintain higher rental yields.

    Affordability is factored into the housing market analysis, where it is projected to take approximately 28 years to fully own a house in JOHNSTON 0832, based on current interest rates, median family income and typical property prices. This sits inside the favourable affordability range, pointing to a market with high affordability amongst its residents.

    Examining the supply metrics, the suburb’s stock on market Percentage for houses is 0.23%, and the inventory level for houses is 0.73 months, both comfortably within the favourable low supply categories. This suggests limited competition amongst sellers and could possibly lead to higher asking prices.

    Building approvals ratio for houses stands at 1.74% which, while below 2%, indicates a moderate increase in the supply of new dwelling stock in the market.

    The average number of days that ‘for sale’ listings remain active, known as the days on market (DoM), is 52. This figure falls into a neutral range, indicating a balanced market condition between buyers and sellers.

    The suburb’s vacancy rate, composite of both houses and units, is at 1.74%. This falls within the neutral demand category, signifying a balanced dynamics between supply and demand.

    Lastly, the buy search index for houses in JOHNSTON 0832 sits at 5, implying that the suburb’s search volume is in line with the state/city average.

    While there are a few higher risk indicators such as the renter to owner ratio, other fundamentals, supply and demand metrics are in favourable to neutral ranges. Thus, investors should consider overall market conditions, trends (as visualised on the providing dashboard), and other metrics like the Relative Composite Score (RCS) from HtAG Analytics that covers over 80 metrics for a comprehensive understanding of the market.

    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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