Larrakeyah Short-Term Rental (Airbnb) Market
Larrakeyah NT Investment Analysis
BUY
— vacancy at 1.1% and $750/wk rent puts this in the top tier of NT yield suburbs.
THE MARKET
Median house price in Larrakeyah sits at $570,000 with 92 days on market and a 1.1% vacancy rate. This is a tight rental market right now.
- **Median house:** $570,000 | **Units:** $669,834 - **Gross yield:** 6.8% | **Net yield:** 5.3% - **Vacancy:** 1.1% (worsening) | **Rental demand:** Very High - **5yr price growth:** -32.0%/yr | **3yr forecast:** -36.0%/yr - **Days on market:** 92 (worsening)
STR potential: $160/night at 62% occupancy = ~$36,208/yr gross. Long-term at $39,000/yr may be simpler with comparable returns.
BULL CASE
If Larrakeyah maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $655,500 within 3 years with yields compressing slightly as capital values rise.
Notable infrastructure: **Larrakeyah Barracks Redevelopment** (completed). Plus 1 more project in the pipeline.
BEAR CASE
A market correction or interest rate shock could see prices in Larrakeyah pull back 10-15% from $570,000, with vacancy rising to 2.0% and rental yields softening as tenants gain leverage.
WHAT TO DO
Larrakeyah presents a compelling investment opportunity. The combination of solid fundamentals and very high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 6.8% and prioritise properties with value-add potential. Consider timing entry around the current trough phase of the market cycle.
- Entry range: $513,000 – $627,000 - Minimum yield to target: 7.1% - Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.