Bakewell, NT 0832: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Bakewell, the median property price for a house is currently $480,000 with annual capital growth of 1.69% . There were 44 house sales in the past 12 months. On average, houses spend 57 days on market.

If you're thinking about buying an investment property in Bakewell, consider that rental yields for houses are currently 6.60% with an average median rent of $550 weekly. Houses have seen 1.05% growth in the past quarter, and 1.69% growth in the past 12 months.

The size of Bakewell is approximately 1.4 square kilometres. It has 9 parks covering nearly 5.1% of total area. The population of Bakewell in 2011 was 3,191 people. By 2016 the population was 3,075 showing a population decline of 3.6% in the area during that time. The predominant age group in Bakewell is 30-39 years.

Households in Bakewell are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bakewell work in a clerical occupation. In 2011, 56.9% of the homes in Bakewell were owner-occupied compared with 55% in 2016.

In Bakewell, the median property price for a unit is currently $280,000 with annual capital growth of -3.45% . There were 32 unit sales in the past 12 months. On average, units spend 65 days on market.

If you're thinking about buying an investment property in Bakewell, consider that rental yields for units are currently 8.82% with an average median rent of $450 weekly. Units have seen -0.53% growth in the past quarter, and -3.45% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$480,000	$280,000
Quarterly growth	+1.05%	-0.53%
12-month growth	+1.69%	-3.45%
Average annual growth	+4.27%	+3.57%
Weekly median rent	$550	$450
Gross rental yield	6.60%	8.82%
Number of Sales (12m)	44	32
Avg. Days on Market (12m)	57	65

Jump to Market Trends

Key Demographics	2011	2016
Total population	3,191	3,075
Population change (5y)	+6.65%	-3.60%
Median household income (p/w)	$1,739	$2,005
Household income change (5y)	+37.80%	+15.30%
Median age of persons	28	31

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Bakewell is $480,000 for houses and $280,000 for units.

The Median Growth in Bakewell over the past 12 months is 1.69% for houses and -3.45% for units.

Over the past 12 months there were 44 houses sold and 32 units sold in Bakewell. On average, houses spent 57 days on market and units spent 65 days on market.

In the past 12 months up to September 2024 there were 44 houses sold and 32 units sold in Bakewell. On average, houses spent 57 days on market and units spent 65 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Bakewell is $550 for houses and $450 for units.

The Rental Yield in Bakewell is 6.60% for houses and 8.82% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Bakewell was 3,075 in 2016, a -3.60% change compared to 2011.

The predominant age group in Bakewell is 30-39 years.

The population of Bakewell was 3,075 in 2016, a -3.60% change compared to 2011.

The predominant age group in Bakewell is 20-29 years.

Most of the population in Bakewell were born in Australia.

Most of the population in Bakewell report their religion as No Religion.

Most of the population in Bakewell report their income range as between $78,000 and $130,000 .

The median household income in Bakewell was $2,005 in 2016, a +15.30% change compared to 2011.

Most of the population in Bakewell report their income range as between $78,000 and $130,000 .

The median household income in Bakewell was $1,739 in 2011, a +37.80% change compared to 2006.

Most of the population in Bakewell work as Clerical.

Most of the population in Bakewell work as Trades.

The chart below demonstrates the various levels of education in Bakewell.

Most of the population in Bakewell reached a qualification level of Certificate.

2011 2016

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Suburb borders rendered using geocodes provided by Openstreetmap.

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