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Woodroffe, NT 0830

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 Woodroffe, NT 0830 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 “Woodroffe, NT 0830”

  1. The total adult population (15 years or older) of Woodroffe 0830 NT is 2,433, with a median age of 33. Of those, 35.14% are married, 14.10% are divorced or separated, 48.01% are single and 3.08% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,104. The median monthly mortgage repayment for households in this suburb is $1,800 which is 19.77% of their earnings.

    Source: ABS Census Data (2021)

  2. Woodroffe 0830, a suburb nestled in NT, boasts an estimated 1334 households, presenting enticing opportunities for potential property investors and buyers. As we shift further into Q3 of 2023, the typical house prices in Woodroffe 0830 have been tracking at approximately $446,044. Simultaneously, the median weekly rent hovers at around $574. This coupling fosters an attractive indicative yield of 6.69%, vastly surpassing the acceptable minimum, and thus offering quite an appealing option for cashflow-oriented property investors.

    On the community front, there’s a strong sign of the locale maintaining a favourable social environment as it scores an impressive 945 out of 1200 on the IRSAD index. This index positioning infers better socio-economic conditions, persuasive for those seeking a neighbourhood with promising social and economic opportunities.

    The renter to owner ratio in the suburb is registered at 41%, slightly above the ideal range, indicating a balance but leaning slightly towards a renter-heavy market. Furthermore, the units to houses ratio is remarkably low at 4%, a favourable condition that minimises potential competition among investors in the rental market ensuring the potential for maintained high rental yield.

    Affordability is another strong suit for Woodroffe 0830. The years required for house ownership stands at just 19 years, well below the threshold of 31, suggesting relatively high affordability among the resident population.

    Reviewing supply metrics like stock on market Percentage and inventory Level, we note figures at 0.71% and 1.89 months respectively, both sit within acceptable ranges. The Building Approval ratio perpetuates this theme, standing at a mere 0.08%, echoing a promising property market climate and ample room for property value growth.

    However, concerning factors include a relatively high days on market at 260 days signalling slightly diminished demand. Yet, this is partially countered by a moderate vacancy rate (at 1.27%) and an encouraging buy search index at six, indicating substantial online interest.

    In conclusion, Woodroffe 0830 presents a well-rounded property market portfolio, flaunting promising investment potentials and sustainably healthy living conditions. An overall understanding of this data, in conjunction with monitoring the continual metrics trend, can help smart investors pinpoint profitable opportunities for real estate investment in this NT suburb. Remember, there could be exceptions in any market, but the key is to weigh the pros against the cons from an educated perspective.

    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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