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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 -75.00% compared to last year and the average time to sell a house/townhouse is 154 days.The median listing price for units is $430,000 and this has changed 3.61% over the past year. The average unit takes 173 days to sell and the median rent for a unit in Parap is $575 per week, producing a rental yield of 6.95%.

Supply & Demand in Parap, Darwin

2.07%

Current vacancy rate


28

Rental stock available


2,746

Population


50.81%

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


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

Statistical data for Parap, Darwin

  House Townhouses Units
Median listing price $865,000 NA $430,000
Median price change - last quarter 0.87% NA 1.05%
Median price change - 1 year 6.13% NA 3.61%
Median price change - 2 years NA NA 7.76%
  House Townhouses Units
Median weekly rent $800 NA $575
Median yield % 4.80% NA 6.95%
Median rent change - 1 year 8.84% NA 4.54%
  House Units
Previous month sales 1 10
Stock on market previous month 2 32
Stock variance vs. last year -75.00% -8.57%
Average days on market 154 173

Parap investment property listings

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