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Parap, 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 Parap, 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 “Parap, NT 0820”

  1. The total adult population (15 years or older) of Parap 0820 NT is 2,328, with a median age of 36. Of those, 40.98% are married, 13.27% are divorced or separated, 43.08% are single and 2.92% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,788. The median monthly mortgage repayment for households in this suburb is $2,232 which is 20.69% of their earnings.

    Source: ABS Census Data (2021)

  2. PARAP 0820, located in the Northern Territory, is a suburb housing an estimated 1,670 households. As we steer into Q3 of 2023, housing prices in this location are tagged at an average of $923,115. The median weekly rent stands at a respectable $757, producing a promising indicative yield of 4.26% – indeed an attractive figure for those interested in cashflow-centred property investments.

    The area boasts an impressive IRSAD score of 1069 out of 1200, signalling a favourable socio-economic environment with residents likely to have adequate access to economic resources and opportunities. However, potential investors should tread carefully as the renter to owner ratio rests at a high 61%, suggesting a considerable portion of renters that may influence the overall appeal and long-term returns.

    Differing slightly from the ideal, the units to houses ratio is set at 66%, indicating increased competition amongst landlords in attracting tenants due to a higher tendency towards unit living. Despite this, the locality sees a relatively low stock on market Percentage of 0.23% for houses, demonstrating scarce supply and hence, opening up possibilities for increased demand.

    Further supply indicators such as inventory level and building approvals ratio fortify this scarcity, with figures at a palatable 0.92 months and a stark 0.0% respectively. The equation is balanced out with robust demand metrics, as the average days on market for houses stand at a mere 30 days with a low vacancy rate of 1.07% – figures that highlight a lively market buzzing with activity. This is further corroborated by a healthy buy search index for houses, scoring a 6, suggesting a high level of interest from potential buyers.

    With affordability for houses pegged at 34 years – slightly higher than the standard 30-year mortgage term, it is evident that owning a property in this area might require a longer commitment than usual. However, as with any investment, it’s important to weigh the overall benefits and potential drawbacks. In this case, the strong demand and limited supply could be significant factors favourishing investing in PARAP 0820’s property market. Yet, always remain vigilant to the trends, as market dynamics are constantly evolving, and use trusted metrics such as HtAG Analytics’ RCS to aid in your investment decisions.

    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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