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Rapid Creek, NT 0810

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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 Rapid Creek, 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 

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Rent 

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Yield 

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Rapid Creek, NT 0810”

  1. The total adult population (15 years or older) of Rapid Creek 0810 NT is 2,682, with a median age of 35. Of those, 39.82% are married, 12.34% are divorced or separated, 45.60% are single and 2.35% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,516. The median monthly mortgage repayment for households in this suburb is $1,956 which is 18.60% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Rapid Creek, postcode 0810, is nestled in the Northern Territory and houses an estimated 1568 households. As we traverse into the third quarter of 2023, the typical prices for houses in Rapid Creek are valued at $853,673. With a median weekly rent tallying up to $610, property investors can anticipate an indicative yield of approximately 3.72%, covering the bare minimum of the expected market yield for cash-flow centred investors.

    Rapid Creek flaunts an impressive IRSAD score of 1065 out of a possible 1200, indicating a strong socio-economic standing within the community. However, investors must be cautious of the renter to owner ratio, currently positioned at 55%. It’s a considerably higher percentage than the desired 30% and under. A significant proportion of renters may cause a dip in rental yield due to increased competition and potential risk in the future.

    The unit to house ratio in Rapid Creek is slightly above the preferred range at 56%. A market flooded with units may bring with it increased competition among landlords for tenants, and potential risk of price drops if the market cools or sees regulatory changes.

    The affordability index of the suburb stands at a whopping 32 years, exceeding the standard 30-year mortgage plan, and is a signal of decreased affordability within the area.

    The stock on the market percentage for houses rests at 1.05%, slightly in the upper section of the neutral range, yet still below the indicator of high supply (1.3%). This, coupled with an inventory level of 2.82 months representing a moderately low supply market, hints at well-aligned supply dynamics in the area.

    Building approvals ratio for dwellings shows a low 0.26%, suggesting a slow influx of new dwelling stock which is favourable.

    On the topic of demand metrics, Rapid Creek experiences lengthy days on the market for houses, averaging 201 days which is above the suggested 90 days, indicating low demand. Conversely, the vacancy rate stands at a favourable low 1.38%, portraying high rental demand.

    The buy search index for houses sits at a neutral 5, serving an average reflection of online buy interest.

    Investing in Rapid Creek should not solely be based on these metrics. A detailed understanding of other factors such as price trends, population growth, and local amenities should also be considered while evaluating the investment opportunity. Using tools such as HtAG Analytics’ RCS metric could provide a comprehensive understanding of the housing market in Rapid Creek.

    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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