This property is Off Market
With an average age of 32, households expect an average monthly mortgage payment of $1,127 or a weekly rent payment of $150. The average family earns a weekly income of $1,208 with a typical household size of 2.8 and a 96.23% employment rate.
In Tennant Creek 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Tennant Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Tennant Creek 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. Medium density in Tennant Creek necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Tennant Creek 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 Tennant Creek a better buying opportunity than it may have been in the past.
(Country of Birth not stated 3%)
Tennant Creek 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
43 / 100
55 / 100
Industry
11 / 100
29 / 100
Population
34 / 100
50 / 100
House Prices
37 / 100
61 / 100
Jobs
10 / 100
27 / 100
Incidents Trend State Average
Tennant Creek Primary School
Tennant Creek, NT, 0860 State P-6
Tennant Creek High School
Tennant Creek, NT, 0860 State 7-12
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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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