This property is Off Market
With an average age of 33, households expect an average monthly mortgage payment of $2,500 or a weekly rent payment of $400. The average family earns a weekly income of $2,033 with a typical household size of 2.8 and a 93.8% employment rate.
In Berrimah there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Berrimah are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Berrimah leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Berrimah we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Berrimah a better buying opportunity than it may have been in the past.
(Country of Birth not stated 18%)
Berrimah a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Northern Territory State average 44 / 100
Income
50 / 100
55 / 100
Industry
16 / 100
29 / 100
Population
12 / 100
50 / 100
House Prices
48 / 100
61 / 100
Jobs
06 / 100
27 / 100
Incidents Trend State Average
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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