Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Rapid Creek ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Rapid Creek provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Rapid Creek requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|UNIT 27, 91 ARALIA ST, RAPID CREEK, NT, 0810||1||1||1||$149,000|
|81 RAPID CREEK RD, RAPID CREEK, NT, 0810||3||1||2||$850,000|
St Paul's Catholic Primary School
The Essington International School Darwin(While the above schools are located with the suburb of Rapid Creek there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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