2. NT
  3. Darwin

Houses Units

Here you can find what you need to know about Parap, NT, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$940K Median Sale Price (National Average $485k) 3rd In NT
16.05% Median Sale Price Change (1yr) (National Average 4.30%) 3rd In NT
$750pw Median Rent (National Average $395) 8th In NT
4.2% Median Gross Yield (National Average 4.24%) 46th In NT

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Parap, NT National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Parap, NT National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Parap, NT National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Parap


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Parap, NT 0820

Part of: Darwin Council No data available

The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2011 was 1,975 people. By 2016 the population was 2,759 showing a population growth of 39.7% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parap work in a professional occupation. In 2011, 45.6% of the homes in Parap were owner-occupied compared with 34.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Parap

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Parap   for Houses in last 12 months


There have been 20 Houses sold in Parap in the past 12 months with a median sale price of $940K, up 16.0% annually. It takes on average 50 days to sell with vendor discounting of -4.4%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Nightcliff NT, 0810 1.70% $895,000 $700pw 4.1% View Suburb Profile
Darwin NT, 0800 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Fannie Bay NT, 0820 4.55% $1,150,000 $790pw 3.6% View Suburb Profile
Paringa SA, 5340 20.25% $380,000 Unavailable Unavailable View Suburb Profile
Howard Springs NT, 0835 0.34% $740,000 $610pw 4.3% View Suburb Profile
Jannali NSW, 2226 9.72% $1,591,000 $820pw 2.7% View Suburb Profile

Currency

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