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Investment Property Parap, NT, 0820

Suburb Snapshot

Parap is a suburb in the Darwin Region of Northern Territory. Parap has a population of 2,746 people and 50.81% of its occupants live in rental accommodation. The median listing price for houses is $865,000 and this has changed 6.13% over the past year and changed NA over 2 years.

The median rent in Parap for houses is $800 per week and the median rental yield is 4.80%. Stock on the market for houses/townhouses has changed -42.86% compared to last year and the average time to sell a house/townhouse is 122 days.The median listing price for units is $429,500 and this has changed 7.64% over the past year. The average unit takes 180 days to sell and the median rent for a unit in Parap is $560 per week, producing a rental yield of 6.77%.

Supply & Demand in Parap, Darwin

1.99%

Current vacancy rate


27

Rental stock available


2,746

Population


50.81%

Rental population


1.07%

Current vacancy rate


398

Rental stock available


78,798

Population


38.62%

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 Parap, Darwin

  House Townhouses Units
Median listing price $865,000 NA $429,500
Median price change - last quarter 0.87% NA 1.05%
Median price change - 1 year 6.13% NA 7.64%
Median price change - 2 years NA NA 7.37%
  House Townhouses Units
Median weekly rent $800 NA $560
Median yield % 4.80% NA 6.77%
Median rent change - 1 year 6.66% NA 1.81%
  House Units
Previous month sales 2 6
Stock on market previous month 4 32
Stock variance vs. last year -42.86% 3.23%
Average days on market 122 180

Parap investment property listings

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