Real Estate Parap NT 0820

Real Estate Market: Is Parap NT 0820 a Good Suburb to Buy Into?

Housing Market in Parap

Key Parap Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Darwin	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$758	Top 18%	136% to Apr 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Parap

Parap Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, PLANNING ALERTS and Microburbs, 2002 - 2023

Parap

39.7%

Darwin

42.0%

Compare
Suburbs

Field	Value	VS Darwin	Trend
Development applications	114	Top 17%	to Jun 2025
Developments	2.3	Top 48%	Data for Jul 2023
Housing Stock Quality Indicator	58.7	Top 12%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 18%	Data for Jul 2021
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium

Housing Stock Quality in Parap

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023

Field	Value	VS Darwin	Trend
Houses	30.6%	Bottom 2%	33% to Jan 2021
Average bedrooms - all homes	2.3	Bottom 34%	8% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Parap

Parap Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Parap

32.4%

Darwin

30.5%

Compare
Suburbs

	Field	Value	VS Darwin	Trend
	Total area	1.7 sq km	Bottom 18%	Data for Jan 2021
	Residential density	382 sqm per resident	Bottom 18%	Data for Jan 2021

Risk in Parap

Parap Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Parap

40.8

Darwin

42.6

Compare
Suburbs

Field	Value	VS Darwin	Trend
% Owner Occupied	63.2%	Bottom 3%	9% to May 2023
% Rentals	36.8%	Top 3%	12% to May 2023
Housing Affordability Index	25	Bottom 24%	Data for Jun 2023
Median monthly mortgage	$2,670	Top 17%	36% to May 2023
Rent Affordability Index (Houses)	87	Top 6%	Data for Jun 2023
Rent Affordability Index (Units)	84	Top 6%	Data for Jun 2023
Mortgage as a percent of income	23.0%	Top 45%	4% to Jan 2021
Mortgaged Dwellings	28.4%	Bottom 21%	19% to May 2023

Unit Market in Parap

Parap Unit Investor Report

Sample Graphic

Field	Value	VS Darwin	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$604	Top 31%	144% to Apr 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	59.8%	Bottom 25%	27% to Mar 2025

Housing Demand in Parap

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Parap

53.2%

Darwin

49.4%

Compare
Suburbs

Field	Value	VS Darwin	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Historical Population (SA3)	28700	Bottom 15%	55% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	95100	Top 17%	36% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

LGA Details (1)

Headline	Place	Datetime
Local government area	Darwin

Median House Rental Prices by Street (7)

Level_0	Street	Date	Median rent (per week)
156327	Drysdale St	19 Apr 2025	$830
156304	D'Ambrosio Ct	19 Apr 2025	$975
156253	Broadbent St	19 Apr 2025	$780
156450	May St	19 Apr 2025	$800
156543	Stokes St	19 Apr 2025	$1,040

Realtors (1)

Headline	Place	Datetime
Raine & Horne Darwin	Suite 216/12 Salonika St

Percent of Renters by Street (49)

Percent of Renters	Street
75.8%	D'Ambrosio Ct
0.0%	Camilla Pl
71.2%	Charlotte St
56.9%	Broadbent St
17.4%	Dolphin Ct

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$595,000	Salonika St
10 May 2024	$421,200	Mitaros Pl
10 May 2024	$290,000	Mackillop St
10 May 2024	$268,500	Hudson Fysh Ave
10 May 2024	$125,500	Gregory St

Turnover Rate by Street (44)

Turnover rate	Street	Turnover Label	Turnover Years	Year
62.1%	Mitaros Pl	quite tightly held	Every 16.1 years (quite tightly held)	2025
80.4%	Drysdale St	average turnover	Every 12.4 years (average turnover)	2025
121.4%	Elsey St	very high turnover	Every 8.2 years (very high turnover)	2025
68.6%	Salonika St	average turnover	Every 14.6 years (average turnover)	2025
74.0%	Mackillop St	average turnover	Every 13.5 years (average turnover)	2025

Recently Sold Houses (94)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
19 Weddell St	$1,135,000	4.0	2.0	2.0	26 Mar 2025	On Market
50 Hudson Fysh Ave	$1,030,000	4.0	2.0	2.0	25 Mar 2025	On Market
50 Hudson Fysh Ave	Price Withheld	4.0	2.0	2.0	25 Mar 2025	On Market
19 Weddell St	Price Withheld	4.0	2.0	2.0	09 Feb 2025	On Market
19 Weddell St	$1,135,000	4.0	2.0	2.0	09 Feb 2025	On Market

Businesses (34)

Name	Address
PTM Group	49 Parap Rd, Parap NT 0820, Australia
Combined Electrical	9 Nylander St, Parap NT 0820, Australia
Norbuilt	21 Parap Rd, Parap NT 0820, Australia
LJ Hooker Darwin	1/25 Parap Rd, Parap NT 0820, Australia
Raine & Horne Darwin	Suite 216/12 Salonika St, Parap NT 0820, Australia

Accommodation Options (6)

Name	Address
Casa On Gregory Motel	52 Gregory St, Parap NT 0820, Australia
Quest Parap	49 Parap Rd, Parap NT 0820, Australia
Paravista Motel	5 Mackillop St, Parap NT 0820, Australia
Quest Parap	49, Parap Rd
Mandorah Beach Hotel	PO Box 689

Planning Applications: Dwellings (5)

Headline	Place	Date
Dwelling group comprising (1 x 2 bedroom) existing single storey building and addition of (3 x 3 bedroom) in a single storey building. - Northern Territory Land Information System PA2025/0088	6 Stokes Parap, NT	22 Mar 2025
Part rezoning from SC (Service Commercial) to MR (Medium Density Residential) - Northern Territory Land Information System PA2024/0248	2 Railway Parap, NT	22 Nov 2024
Communal space additions (verandah and enclosed gym area) to an existing dwelling-multiple with a reduced building setback to the side boundary - Northern Territory Land Information System PA2024/0287	33 Parap Parap, NT	27 Sep 2024
Outbuilding (verandah) addition to an existing dwelling-single with a reduced building setback to the primary street boundary - Northern Territory Lands Group PA2022/0173	36 Drysdale Parap, NT	03 Jun 2022
Alterations and additions to an existing dwelling-single with a reduced front setback - Northern Territory Lands Group PA2021/0022	14 Hudson Parap, NT	15 Mar 2021

Planning Applications: Other (3)

Headline	Place	Date
Part rezoning from SC (Service Commercial) to MR (Medium Density Residential) - Northern Territory Land Information System PA2024/0248	2 Railway Parap, NT	22 Nov 2024
Proposal to rezone 6 Stokes Street, Parap from LR to LMR. Proposal is in accordance with the Darwin Inner Suburbs Area Plan, the lot is designated as Potential Area for Change. - Northern Territory Land Information System PA2024/0159	6 Stokes Parap, NT	19 Jul 2024
Outbuilding (carport) addition to an existing dwelling-single with a reduced building setback to the primary street boundary - Northern Territory Lands Group PA2022/0108	22 Urquhart Parap, NT	09 Apr 2022

Median House Sale Prices by Street (100)

Street	Date	Median sale value
May St	10 Apr 2024	$830,000
Broadbent St	31 May 2024	801900.0
Dolphin Ct	31 May 2024	1023000.0
Douglas St	31 May 2024	960100.0
Drysdale St	31 May 2024	854800.0

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 30, 23 Hudson Fysh Ave	$450	2.0	1.0	1.0	16 Apr 2025
Unit 2, 9 Drysdale St	$620	3.0	2.0	2.0	07 Apr 2025
Unit 8, 22 Mackillop St	$750	3.0	2.0	2.0	07 Apr 2025
Unit 2, 9 Drysdale St	$620	3.0	2.0	2.0	07 Apr 2025
Unit 2, 9 Drysdale St	$620	3.0	2.0	2.0	07 Apr 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
9 Dolphin Ct	$830	4	2	1	19 Feb 2025
9 Dolphin Ct	$830	4	2	1	19 Feb 2025
9 Dolphin Ct	$800	4	2	1	19 Feb 2025
9 Dolphin Ct	$800	4	2	1	19 Feb 2025
9 Dolphin Ct	$830	4	2	1	19 Feb 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 90, 16 Hudson Fysh Ave	$299,000	2.0	1.0	1.0	13 Mar 2025	On Market
Unit 90, 16 Hudson Fysh Ave	$299,000	2.0	1.0	1.0	13 Mar 2025	On Market
Unit 90, 16 Hudson Fysh Ave	$299,000	2.0	1.0	1.0	13 Mar 2025	On Market
Unit 90, 16 Hudson Fysh Ave	$299,000	2.0	1.0	1.0	13 Mar 2025	On Market
Unit 90, 16 Hudson Fysh Ave	$299,000	2.0	1.0	1.0	13 Mar 2025	On Market

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