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Investment Property Driver, NT, 0830

Suburb Snapshot

Driver is a suburb in the Palmerston Region of Northern Territory. Driver has a population of 2,882 people and 36.52% of its occupants live in rental accommodation. The median listing price for houses is $504,500 and this has changed 2.95% over the past year and changed 3.16% over 2 years.

The median rent in Driver for houses is $560 per week and the median rental yield is 5.77%. Stock on the market for houses/townhouses has changed -66.67% compared to last year and the average time to sell a house/townhouse is 257 days.The median listing price for units is $295,000 and this has changed 2.60% over the past year. The average unit takes 227 days to sell and the median rent for a unit in Driver is $400 per week, producing a rental yield of 7.05%.

Supply & Demand in Driver, Palmerston

1.41%

Current vacancy rate


16

Rental stock available


2,882

Population


36.52%

Rental population


1.23%

Current vacancy rate


193

Rental stock available


33,788

Population


40.81%

Rental population


0.59%

Current vacancy rate


610

Rental stock available


228,837

Population


38.00%

Rental population


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Statistical data for Driver, Palmerston

  House Townhouses Units
Median listing price $504,500 NA $295,000
Median price change - last quarter 2.20% NA -4.17%
Median price change - 1 year 2.95% NA 2.60%
Median price change - 2 years 3.16% NA 5.73%
  House Townhouses Units
Median weekly rent $560 NA $400
Median yield % 5.77% NA 7.05%
Median rent change - 1 year 1.81% NA -3.62%
  House Units
Previous month sales 8 2
Stock on market previous month 6 4
Stock variance vs. last year -66.67% -73.33%
Average days on market 257 227

Driver investment property listings

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