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Ludmilla, NT 0820

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 Ludmilla, NT 0820 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 “Ludmilla, NT 0820”

  1. The total adult population (15 years or older) of Ludmilla 0820 NT is 1,354, with a median age of 35. Of those, 38.40% are married, 10.49% are divorced or separated, 47.12% are single and 3.47% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,976. The median monthly mortgage repayment for households in this suburb is $2,058 which is 22.93% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburbs of Ludmilla, postcode 0820, nestled in the Northern Territory, is a modestly sized community with an estimated 596 households. As we dive into the property market health of Ludmilla in Q3 of 2023, we see an intriguing blend of factors that might appeal to discerning property investors.

    With typical prices for houses boldly standing at $825,028 and with a median weekly rent of $632, this translates to an attractive indicative yield of approximately 3.98% – well above the minimum yield required by cashflow-focused property investors. This indicates potential for strong, regular returns for property investors within this market.

    From a socio-economic standpoint, Ludmilla boasts an impressive IRSAD score of 980 out of 1200, indicating good socio-economic conditions and hence strong demand, which is crucial to sustain property value over time. However, a renter to owner ratio of 43% gives an important insight: there is a considerable proportion of renters in the area which may lead to competition between investors, yet the ratio hasn’t reached a tipping point that would significantly dampen the neighbourhood’s appeal.

    Interestingly, the units to houses ratio in Ludmilla is 40%, showing an advantageous balance for investors keen on avoiding rental oversaturation commonly linked to unit-heavy compositions. Seeing that it’s just below the favorable range, it should attract long-term tenants, usually families, willing to foster a lively, enduring community spirit.

    Looking at the affordability of housing in the area, with an index of 36 years, we must acknowledge that it hovers slightly above the usual limit, indicating slightly lower levels of affordability for prospective homeowners. Property investors may find this number a key point of market advantage.

    Let’s move to supply metrics. The stock on market Percentage for houses sits at 0.89%, falling within the neutral range, and aligning with the inventory level for houses at 3.0 months. This indicates a healthy absorption rate of new listings and a moderately favorable investment environment. Equally interesting is the building approvals Ratio, currently standing at 0.0% for houses, highlighting a minimal influx of new dwelling stock in the market.

    Shifting to the demand side, the days on market averages 99 for houses, indicating somewhat dampened demand, pushing this suburb into the lower demand range. However, this is counterbalanced with a hint of optimism, given that the vacancy rate combines houses and units and sits at a low 0.78% – showing high demand and potential for steady rental income. Plus, a buy search index at an impressive 7 exhibits strong interest from potential buyers, a further sign of healthy demand.

    In sum, Ludmilla posits a dynamic yet challenging landscape for property investors, but with the right blend of knowledge and patience, it holds promise for prosperous investment opportunities. It’s crucial to bear in mind that trends in metrics are as important as values, so maintaining vigilance on developing dynamics is essential. Harnessing tools such as the RCS developed by HtAG Analytics, encapsulating over 80 metrics, will streamline your understanding of this invigorating property 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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