Question 1

Is Durack a nice place to live?

Accepted Answer

Durack is an established residential suburb in Darwin with a relaxed, tropical suburban character. Single-storey houses on generous blocks sit among mature trees and well kept front gardens, and the area tends to attract families and long-term residents who value outdoor living, backyard space and easy access to parks and sporting fields. Everyday needs are covered by local shops, schools and community facilities, and regular bus routes and straightforward road connections link Durack to the wider city.

The community of 3,730 has a median age of 31 and is weighted towards couple families, who together make up 85.4% of reported families. Homes are mostly owner-occupied, though a substantial share are rented. The suburb has seen several government-led works, from road and boulevard upgrades to community facility and lake amenity improvements and extra parent car parks at the primary school. Whether that suits you comes down to what you want from a suburb.

Question 2

Is it expensive to live in Durack?

Accepted Answer

On the figures here, a house in Durack (NT) has a median price of $705,000 and rents for about $750 a week. Against a typical local household income of $2,471 a week as recorded at the last Census, that rent would take about 30.4% of weekly household income, a sizeable share. The $705,000 median house price is roughly 5.5 times a typical local household's annual income at the last Census, which places buying somewhat above local incomes. If you are renting rather than buying, the rent share is the most relevant number for you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Durack a good place to invest?

Accepted Answer

A striking movement in Durack over the past 12 months is the rise in house prices: median house values climbed 13.5%, a strong increase. House rents also rose, up 7.1% over the year, a solid gain. Put simply, capital growth for houses outpaced rental growth during the period, and whether that balance suits your investment goals depends on what you want from a property.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$705K	N/A
Change in value Past 12 months	13.5%	N/A
Sold Past 3 months	30	N/A
Median days on market Past 12 months	62	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	7.1%	N/A

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