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Wagaman, 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 Wagaman, 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

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Yield 

1BR

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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 “Wagaman, NT 0810”

  1. The total adult population (15 years or older) of Wagaman 0810 NT is 1,609, with a median age of 35. Of those, 48.10% are married, 10.75% are divorced or separated, 36.92% are single and 4.47% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,460. The median monthly mortgage repayment for households in this suburb is $1,820 which is 21.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the Northern Territory, the suburb of Wagaman 0810 is home to an estimated 734 households. The typical prices for houses in Wagaman are sitting at $548,820, as of Q3 of 2023 with a median weekly rent of $590. This provides an attractive indicative yield of 5.59% for property investors.

    On the socio-economic front, Wagaman comes out fairly strong, boasting an IRSAD score of 968 out of 1200. This figure suggests that the suburb enjoys good access to economic resources, coupled with a substantial income level and professionalism amongst its residents.

    The renter to owner ratio is established at 40% in the area, indicating a balanced market that is neither oversaturated nor undersupplied with rental properties. This sets a reasonable competition level amongst property investors. The units to houses ratio is pegged at a low 7%, implying a healthy preference and availability of houses over units in Wagaman.

    A noteworthy point for potential investors is the affordability index for houses in Wagaman, which stands at 25 years. This reveals a relatively favourable market condition for would-be homeowners, in tune with the median family income and prevailing interest rates.

    The supply perspective of Wagaman’s property market also leaves much to be admired with a stock on market Percentage for houses at a low 0.33% and inventory levels for houses lingering at a favourable 1.6 months, demonstrating a reasonably quick turnover of properties. Furthermore, the building approvals Ratio is at a minimum of 0.0%, pointing to a contained growth in housing supply.

    However, the market does show a slight sign of stagnation as the days on market for housings is on a higher side at 98 days. The combined vacancy rate (houses and units) in Wagaman is at a moderate level of 1.69%, implying a decent demand for properties in the area. The buy search index for houses is at the average mark of 5, reinforcing the notion of a stable demand in this suburb.

    In conclusion, although some metrics may hover around unfavorable ranges, Wagaman appears to be an economically viable and affordable suburb for property investment in the Northern Territory. Its strong yield and socio-economic score, coupled with low units to houses ratio, and overall favourable supply metrics underscore Wagaman’s potential as an attractive investment hub. However, it’s always essential to keep an eye on the market trends and to be guided by reliable and detailed property market data.

    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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