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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 $510,000 and this has changed 4.08% over the past year and changed 5.69% over 2 years.

The median rent in Driver for houses is $570 per week and the median rental yield is 5.81%. Stock on the market for houses/townhouses has changed -71.43% compared to last year and the average time to sell a house/townhouse is 270 days.The median listing price for units is $287,500 and this has changed -2.55% over the past year. The average unit takes 230 days to sell and the median rent for a unit in Driver is $400 per week, producing a rental yield of 7.23%.

Supply & Demand in Driver, Palmerston

1.06%

Current vacancy rate


12

Rental stock available


2,882

Population


36.52%

Rental population


1.32%

Current vacancy rate


206

Rental stock available


33,788

Population


40.81%

Rental population


0.71%

Current vacancy rate


735

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 $510,000 NA $287,500
Median price change - last quarter 2.20% NA -4.17%
Median price change - 1 year 4.08% NA -2.55%
Median price change - 2 years 5.69% NA 0.87%
  House Townhouses Units
Median weekly rent $570 NA $400
Median yield % 5.81% NA 7.23%
Median rent change - 1 year 3.63% NA -9.10%
  House Units
Previous month sales 6 3
Stock on market previous month 6 6
Stock variance vs. last year -71.43% -62.50%
Average days on market 270 230

Driver investment property listings

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