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Wulagi, NT 0812

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 Wulagi, NT 0812 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 “Wulagi, NT 0812”

  1. The total adult population (15 years or older) of Wulagi 0812 NT is 1,872, with a median age of 36. Of those, 44.44% are married, 11.54% are divorced or separated, 39.80% are single and 4.33% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,784. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.44% of their earnings.

    Source: ABS Census Data (2021)

  2. Wulagi 0812, a vibrant suburb found in NT, hosts some 902 households and unfolds potential prospects for property investors. Taking a look at property statistics for Q3 2023, the typical prices for houses in Wulagi 0812 are discernibly pegged at $576,170 with a median weekly rent sitting at $592. This paints a promising picture for investors with a high indicative yield of 5.34%.

    Turning to the socio-economic landscape, Wulagi 0812 flaunts an impressive IRSAD score of 1005 out of a possible 1200, suggesting a favourable socio-economic climate with good amenity access, higher income levels, and skilled vocations.

    The suburb’s renter to owner ratio is a pleasant 27%, lower than the risk threshold for markets saturated with rental properties. Wulagi 0812 is mainly a neighbourhood of house owners, making it more appealing for long-term investments and less subject to rental competition. Additionally, this owner-dominant pattern nurtures a residential ‘vibe’ that attracts potential tenants.

    Furthermore, the units to houses ratio is a very low 1%, displaying a prevalence of houses over units. This invites families and long-term renters, allowing investors to enjoy less competition and maintain higher rental yields.

    In regards to affordability, the index stands at 23 years for houses suggesting the real estate here comfortably falls within the affordability spectrum for many residents in the area, a promising aspect for potential property owners.

    Supply metrics herald good news too. The stock on market Percentage for houses is a low 0.24%, suggesting limited supply aspects that are often favourable for investors. Additionally, the inventory level for houses is deemed favourable at 1.33 months.

    Interestingly, the building approvals Ratio for houses stays at 0%, hinting at a minimal influx of new dwelling stock. This market scenario can retain the exclusivity of the area and may prevent property price drops.

    However, the suburb sees a bit of a stretch with days on market for houses averaging at 110, but this could also be seen as an opportunity for keen investors to negotiate better deals. Besides, the Vacancy Rate, combining both houses and units, is a pleasing 1.21%, indicating there’s a decent level of demand for properties in the area.

    Closing the market examination, the buy search index stands at 5, which is relatively standard but suggests the suburb still garners considerable attention from potential property buyers.

    In summation, although some metrics show room for improvement, the majority of them suggest Wulagi 0812 represents a promising investment opportunity, especially for those with a long-term perspective. However, potential investors should further study market trends and responses to ongoing changes to navigate assuredly through their investment journey. Remember, HtAG Analytics’ Relative Composite Score (RCS) could potentially streamline this research process by considering the bearings of over 80 metrics.

    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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