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Investment Property Rapid Creek, NT, 0810

Suburb Snapshot

Rapid Creek is a suburb in the Darwin Region of Northern Territory. Rapid Creek has a population of 3,277 people and 40.50% of its occupants live in rental accommodation. The median listing price for houses is $730,000 and this has changed -2.67% over the past year and changed -0.35% over 2 years.

The median rent in Rapid Creek for houses is $695 per week and the median rental yield is 4.95%. Stock on the market for houses/townhouses has changed 20.00% compared to last year and the average time to sell a house/townhouse is 58 days.The median listing price for units is $400,000 and this has changed -5.89% over the past year. The average unit takes 196 days to sell and the median rent for a unit in Rapid Creek is $460 per week, producing a rental yield of 5.98%.

Supply & Demand in Rapid Creek, Darwin

0.90%

Current vacancy rate


14

Rental stock available


3,277

Population


40.50%

Rental population


0.82%

Current vacancy rate


303

Rental stock available


78,798

Population


38.62%

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 Rapid Creek, Darwin

  House Townhouses Units
Median listing price $730,000 NA $400,000
Median price change - last quarter 0.00% NA -4.12%
Median price change - 1 year -2.67% NA -5.89%
Median price change - 2 years -0.35% NA -11.02%
  House Townhouses Units
Median weekly rent $695 NA $460
Median yield % 4.95% NA 5.98%
Median rent change - 1 year 2.20% NA -4.17%
  House Units
Previous month sales 5 8
Stock on market previous month 6 19
Stock variance vs. last year 20.00% -26.92%
Average days on market 58 196

Rapid Creek investment property listings

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