Fraud Blocker

Tennant Creek, NT 0860

Home » NT Real Estate Data » Barkly Region, NT » Tennant Creek, NT 0860

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 Tennant Creek, NT 0860 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Tennant Creek, NT 0860”

  1. The total adult population (15 years or older) of Tennant Creek 0860 NT is 2,403, with a median age of 33. Of those, 37.29% are married, 13.03% are divorced or separated, 45.65% are single and 4.08% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $5,732. The median monthly mortgage repayment for households in this suburb is $1,114 which is 19.43% of their earnings.

    Source: ABS Census Data (2021)

  2. Residing in the Northern Territory, the suburb of Tennant Creek 0860 is home to an estimated 1,509 households. As we delve into Q3 of 2023, the typical house prices in Tennant Creek sit at a comfortable $304,452. With a median weekly rent of $443, this creates a notable indicative yield of 7.57%, which is well beyond the minimum 3% market requirement, thus offering considerable returns for cashflow-focused investors.

    The key to understanding the nuances of Tennant Creek’s property market, however, lies deeper than these surface figures, tucked away in the socio-economic fundamentals. With an IRSAD score of 867 out of 1200, this area has a relatively high socio-economic status, which could be a positive factor for property investors looking for a stable market.

    A renter to owner ratio of 59%, however, suggests a high proportion of rentals that blurs the suburb’s overall appeal and could present long-term risk due to potential high competition among property investors. Moreover, a Units-to-Houses ratio of just 1% indicates a near absence of unit oversupply, thus providing less competition for landlords and signifying higher rental yields and longer tenancy periods.

    The Affordability Index for houses in Tennant Creek is 21 years, below the standard 30-year mortgage term, suggesting that homes in the suburb are relatively affordable to own.

    Turning now to supply metrics in Tennant Creek, the stock on market Percentages for houses is at 0.13%, confirming favourable low market supply conditions. Consistent with this, the inventory Level for houses is 1.14 months which suggests a robust absorption rate of new property listings.

    The building approvals Ratio (0.07%) remains low, implying careful growth without oversaturating the area with new buildings. Additionally, the days on market clocks in at 208, suggesting demand might not be as feverish as preferred – something to consider for buyers looking for a quick turnover.

    However, on the plus side, the extremely low vacancy rate of 0.34% indicates fierce competition among tenants and may hint at rising rental trends.

    Finally, a buy search index of 2 shows limited online buying interest for the suburb, but with other favourable indicators, this shouldn’t deter interested investors.

    The Tennant Creek housing market offers a mixed bag of opportunities and challenges for investors. With the HtAG’s RCS (Relative Composite Score) considering more than 80 metrics, deeper insights can emerge that automate the hard work and highlight the most profitable aspects of this investment opportunity. Despite some metrics falling in less desirable ranges, the majority suggest a market of potential value to the keen investor.

    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.

Leave a comment