Costello, a small locality in the Roper Gulf region of the Northern Territory, Australia, offers a unique housing market characterized by its remote and rural setting. The housing market in Costello is relatively limited compared to urban areas, with fewer properties available for sale or rent. This scarcity is largely due to its geographical isolation and the small size of the community. Properties in Costello tend to be spread out, offering vast land areas, which appeals to those seeking seclusion and a connection with nature. House prices can vary, but the market remains less volatile than in larger cities, attracting buyers looking for affordability and a slower pace of life. Potential investors or residents should be prepared for the logistics and costs associated with maintaining property in a remote location, where services and amenities are minimal.
Living in Costello means embracing a lifestyle closely linked to the natural environment and rich cultural heritage of the region. The area is known for its landscapes, with access to stunning national parks, rivers, and a variety of outdoor activities such as fishing, hiking, and camping. The community is small, fostering a tight-knit, neighborly atmosphere where residents often rely on one another. However, the remoteness of Costello also means that access to facilities like healthcare, education, and shopping is limited, often requiring travel to larger townships. The lifestyle suits those who appreciate solitude and have a deep appreciation for natural landscapes and Indigenous cultural traditions. The quiet and peaceful environment can be a refreshing change for some, although it's essential to be self-sufficient and resourceful to adapt to the challenges of remote living.
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Housing Stock
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Thinking about buying in Costello? Now could not be a better time, with just 12 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 393 Km.
In Costello 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. Low average incomes in Costello is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Costello 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 Costello 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 Costello a better buying opportunity than it may have been in the past.
Instant Property ValuationAlpurrurulam School
Canteen Creek School
(While the above schools are located with the suburb of Costello there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 7.2 | 25.7 | 36.4 | 43.9 | 95.3 | 2.0 | 22.6 |
| Feb | 6.9 | 25.3 | 36.2 | 42.7 | 94.3 | 1.9 | 22.7 |
| Mar | 4.3 | 24.5 | 36.3 | 40.3 | 96.0 | 1.7 | 23.2 |
| Apr | 1.7 | 22.0 | 35.2 | 33.7 | 96.5 | 2 | 21.4 |
| May | 0.0 | 17.3 | 32.8 | 26.9 | 94.2 | 2.2 | 20.1 |
| Jun | 0.0 | 16.4 | 31.9 | 28.0 | 94.4 | 2.1 | 18.7 |
| Jul | 0 | 14.4 | 31.3 | 24.0 | 94.2 | 2.2 | 19.6 |
| Aug | 0 | 14.4 | 32.5 | 16.8 | 89.4 | 2.4 | 22.4 |
| Sept | 0.2 | 18.9 | 36.3 | 18.5 | 92.0 | 2.6 | 24.2 |
| Oct | 0.2 | 22.4 | 38.9 | 18.8 | 85.8 | 2.8 | 26.0 |
| Nov | 0.5 | 25.4 | 40.6 | 18.6 | 79.8 | 2.6 | 26.2 |
| Dec | 3.8 | 26.4 | 39.4 | 29.8 | 84.0 | 2.3 | 24.7 |
source: Australian Government Bureau of Meteorology
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