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Muirhead, NT 0810

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 Muirhead, NT 0810 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 “Muirhead, NT 0810”

  1. The total adult population (15 years or older) of Muirhead 0810 NT is 2,633, with a median age of 29. Of those, 57.88% are married, 5.70% are divorced or separated, 35.70% are single and 0.84% are widowed.

    The average household size is 3.4 people per dwelling, and the median household monthly income is estimated to be $11,908. The median monthly mortgage repayment for households in this suburb is $2,600 which is 21.83% of their earnings.

    Source: ABS Census Data (2021)

  2. Muirhead 0810, located in the Northern Territory, has around 1266 households. As of the third quarter of 2023, the mediocre prices for houses in this suburb stand at $775,337 AUD, with a median weekly rent of $738. This arrangement yields an impressive indicative yield of 4.95%, suggesting this to be a potentially attractive investment location for cash flow-focused property investors.

    The socio-economic score for Muirhead is an appreciable 1127 out of a possible 1200, which implies that the residents of this area are relatively wealthy, have access to plentiful economic resources, and are predominantly involved in skilled professions. However, the renter to owner ratio is on the higher side at 45%, indicating a vibrant rental market but potentially diluted long-term returns for investors due to competition.

    The units to houses ratio in Muirhead is only 4%, suggesting less competition among landlords for tenants, contributing to the higher rental yield. It also indicates that the suburb is predominantly occupied by houses, which is typically more desirable for family-oriented tenants aiming for long-term leases.

    The affordability index stands at 26 years, implying that the suburb is within reach for many would-be homeowners when considering a standard 30-year mortgage; this further enhances its appeal as a favourable property market.

    The suburb boasts a low stock on market Percentage of 0.28% and an inventory level of just 0.84 months for houses, indicating a healthy balance of supply and demand in the market. However, the building approvals Ratio is 0.85%, which means the market may look forward to a moderate influx of new housing stock if these approved buildings come to fruition.

    However, it is integral to note that properties in Muirhead are relatively slower to move, with an average of 94 days on the market for houses. Nonetheless, the low combined houses and units vacancy rate of 1.24% indicates strong demand and limited availability, translating to better rent stability for investors. Furthermore, the buy search index for houses is a promising 6, suggesting strong buyer interest in the region.

    In sum, while Muirhead 0810 presents some challenges, numerous factors such as significant indicative yield, high socio-economic score, and low vacancy rate indicate its potential as a promising prospect for real estate investment. As with any investment decisions, these data points should form part of a robust and comprehensive analysis of the Muirhead 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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