Download your FREE reports now!

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 $490,000 and this has changed 1.55% over the past year and changed 4.25% over 2 years.

The median rent in Driver for houses is $550 per week and the median rental yield is 5.83%. Stock on the market for houses/townhouses has changed -12.50% compared to last year and the average time to sell a house/townhouse is 167 days.The median listing price for units is $295,000 and this has changed 3.50% over the past year. The average unit takes 196 days to sell and the median rent for a unit in Driver is $440 per week, producing a rental yield of 7.75%.

Supply & Demand in Driver, Palmerston

1.59%

Current vacancy rate


18

Rental stock available


2,882

Population


36.52%

Rental population


1.70%

Current vacancy rate


265

Rental stock available


33,788

Population


40.81%

Rental population


1.12%

Current vacancy rate


1,151

Rental stock available


228,837

Population


38.00%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Driver, Palmerston

  House Townhouses Units
Median listing price $490,000 NA $295,000
Median price change - last quarter 0.00% NA 5.35%
Median price change - 1 year 1.55% NA 3.50%
Median price change - 2 years 4.25% NA 0.00%
  House Townhouses Units
Median weekly rent $550 NA $440
Median yield % 5.83% NA 7.75%
Median rent change - 1 year 10.00% NA 4.76%
  House Units
Previous month sales 4 1
Stock on market previous month 21 16
Stock variance vs. last year -12.50% 23.08%
Average days on market 167 196

Driver investment property listings

Showing 5 of 28 investment properties found in Driver on realestateinvestar.com.au

2/75 Driver Ave, Driver

$240,000

property pic

EASY INVESTMENT

This property has had a modern makeover and lux touches that will excite the savvy home maker and investors alike. Currently tenanted at $360 p/w until March 2025. Taking the stairs through to the first floor where there is a gated access point to the treetop balcony, the home is private and ...

Get more info on this property
rei

2

rei

1

rei

1

Unit

NT 0830


4/23 Lorna Lim Tce, Driver

$230,000

property pic

Surprising Updated Unit

Located at the front of the complex, with your own private balcony, this is an opportunity to invest or get your foot in the property market. Approximate rental return of 7.8%! Currently rented until July 2024 Featuring: • Updated kitchen with stone bench tops, dishwasher and modern ...

Get more info on this property
rei

3

rei

1

rei

2

Unit

NT 0830


14/34 Lorna Lim Tce, Driver

$380,000

property pic

Well Maintained 2 Bedroom Unit

Take advantage of this wonderful opportunity to purchase a practically brand new unit that's just a stone throw away from everything Palmerston City has to offer! Located in a pleasant part of Driver within a boutique complex of only 18 units, this is the perfect first home or investment come live ...

Get more info on this property
rei

2

rei

2

rei

2

Unit

NT 0830


6 44 Lorna Lim Tce, Driver

$350,000

property pic

GEM OF A UNIT

Overlooking lush green foliage from the balcony and master bedroom this lovely unit offers an absolute sanctuary. Tenanted at $480 per week until 17 September 2024. As for location, you really could not ask for more with Palmerston CBD an easy walk from your front door where you will have your ...

Get more info on this property
rei

3

rei

2

rei

1

Unit

NT 0830


4/106 Dwyer Cct, Driver

$305,000

property pic

Location and Presentation

Located in a small group of six and only a short walk across the road to the Palmerston Golf Course (home of the NT PGA), is this well presented ground level two bedroom unit. Internally this home welcomes you from the onset. The modern kitchen boasts stone bench tops, soft close drawers, overhead ...

Get more info on this property
rei

2

rei

1

rei

2

Unit

NT 0830


Navigate to more Suburbs, Regions or States