Question 1

Is Woolner a nice place to live?

Accepted Answer

Woolner is an inner Darwin suburb with an easygoing, residential feel close to the city and the village-style shops of Parap. Low-set, often timber homes sit beneath mature tropical trees, and the area mixes older, spacious blocks with pockets of more recent infill. Small parks, neighbourhood shops and community services are within easy reach, commuting is straightforward via nearby main roads and transport links, and residents value the practical tropical lifestyle, proximity to local markets and cafes, and quick access to Darwin’s central amenities.

About 962 people live in Woolner, with a median age of 34 and a typical household income of $2,628 a week (roughly $136,700 a year). The suburb is made up largely of couples, 43.9% without children and 39.2% with children, and homes are more often rented than owned (60.1% rented, 40.0% owner-occupied). Local planning highlights a Woolner precinct for medium-rise mixed-use development, public open space and an indicative Parap transport hub, and there have been delivered upgrades such as traffic works on Woolner Road, a new zone substation in Bishop Street and duplication of Tiger Brennan Drive.

Question 2

Is it expensive to live in Woolner?

Accepted Answer

In Woolner, housing costs sit differently for renters and buyers when measured against what a typical local household earned at the last Census. With a household income of $2,628 a week at the last Census, a house rent of $885 a week would take about 33.7% of that income, roughly a third and a sizeable share, while a unit rent of $720 a week would take about 27.4% of income, a moderate share. The median unit price of $510,000 is about 3.7 times a typical local annual household income at the last Census, which is relatively affordable against local incomes.

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 Woolner a good place to invest?

Accepted Answer

Unit values in Woolner climbed 18.5% over the past year, a strong rise in what a unit is worth. Rents also rose strongly: unit rents increased 16.1% and house rents increased 14.2%, with unit rents edging ahead of house rents over the year. The unit value movement is the figure to watch for capital growth, while the rent changes are the ones that matter if ongoing rental income is your priority.

Whether those movements make Woolner right for your investment plans depends on your objectives and personal circumstances.

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	N/A	$510K
Change in value Past 12 months	N/A	18.5%
Sold Past 3 months	3	11
Median days on market Past 12 months	N/A	53
Average rent Past 12 months	$885	$720
Change in rent Past 12 months	14.2%	16.1%

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