Wave Hill, situated within the Victoria Daly region in the Northern Territory, holds an intriguing position in Australia's diverse tapestry of housing markets. Unlike the bustling urban centers, Wave Hill presents a more subdued, localized housing market characterized by a limited supply of residential properties. The community, rooted deeply in its Indigenous heritage, offers a unique lifestyle that significantly influences housing demand. Property types are predominantly traditional, reflecting the area's cultural and environmental context. Given the remote location, housing prices might not reflect the rapid escalation seen in metropolitan areas but are instead shaped by local economic activities, primarily pastoral work. Opportunities for development or investment can be sporadic, yet initiatives aimed at boosting infrastructure and community facilities may gradually impact the housing landscape.
Living in Wave Hill offers a distinctive experience as it is not merely about residing in a location, but immersing oneself in a rich historical setting. Known famously for the Wave Hill Walk-Off in 1966, an essential event in Australia’s land rights movement, the area serves as a poignant reminder of the struggle and triumph of the Gurindji people. Community life is closely knit, with interactions and activities often revolving around cultural traditions and the natural environment. Residents enjoy vast, open landscapes and a strong sense of community cohesion that is rare in more densely populated areas. However, living in such a remote area also presents challenges, including limited access to healthcare, education, and other essential services. Despite these challenges, the simplicity of life, coupled with the deep sense of connection to the land and its history, makes living in Wave Hill a unique and enriching experience.
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Thinking about buying in Wave Hill? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Wave Hill 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 Wave Hill 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 Wave Hill 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. With very low industrial sector presence in Wave Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Wave Hill 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 | 7.6 | 25.2 | 35.7 | 40.2 | 85.5 | 2 | 23.2 |
| Feb | 6.5 | 24.1 | 34.4 | 44.6 | 87.1 | 1.5 | 21.6 |
| Mar | 4.2 | 23.6 | 34.7 | 41.2 | 86.7 | 1.5 | 22.5 |
| Apr | 0.2 | 19.7 | 35.6 | 24.3 | 79.3 | 1.6 | 21.9 |
| May | 0.3 | 14.3 | 31.8 | 24.1 | 74.1 | 1.6 | 20.1 |
| Jun | 0 | 10.7 | 29.8 | 21.9 | 75.2 | 1.6 | 19.3 |
| Jul | 0 | 11.6 | 31.0 | 17.6 | 60.9 | 1.6 | 20.2 |
| Aug | 0 | 13.9 | 34.7 | 16.8 | 64 | 1.3 | 22 |
| Sept | 0.3 | 17.5 | 36.6 | 14.7 | 53.5 | 2.1 | 24.5 |
| Oct | 1.8 | 21.7 | 37.9 | 17.3 | 56.8 | 2.4 | 26.1 |
| Nov | 2.9 | 24.3 | 38.8 | 23.4 | 71.7 | 1.8 | 26.8 |
| Dec | 6.2 | 25.2 | 36.8 | 36.7 | 84.0 | 1.8 | 24 |
source: Australian Government Bureau of Meteorology
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