Ramingining NT Property Investment

## 2. Market Overview The median house and unit prices are not available, making it challenging to assess the current market situation. However, the 5-year compound annual growth rate (CAGR) is 2.3%/yr, and the 3-year growth forecast is 2.0%, suggesting a relatively stable but slow-growing market. The days on market are not available, but the vacancy rate is 3.0%, indicating a moderate level of rental demand. With an owner-occupier rate of 30%, the market is largely dominated by renters. The population of 814 residents is relatively small, which may limit market activity.

## 3. Rental Market The median weekly rent is $80/wk, and the vacancy rate is 3.0%, indicating a moderate level of rental demand. The gross rental yield is not available, but the rental demand rating is moderate, suggesting that investors may find it challenging to achieve high yields. The unemployment rate of 18.0% is a concern, as it may impact the ability of tenants to pay rent.

## 4. Short-Term Rental Opportunity The median nightly rate for short-term rentals is $180/night, with an occupancy rate of 36%. This translates to an estimated annual revenue of $23,472 (assuming 365 nights per year), which may not be sufficient to justify the investment. Considering the low median weekly rent of $80/wk, long-term rentals may be a more stable option. However, the occupancy rate and nightly rate suggest that there may be some demand for short-term rentals, potentially from tourists or travelers.

## 5. Infrastructure & Growth Drivers There are no major projects on file, and the transport infrastructure is standard suburban access, which may limit the suburb's growth potential. The lack of significant developments or investments in the area may contribute to the low Investment Scorecard rating. The distance from the CBD may also limit long-term capital growth potential, as stated in the scorecard details.

## 6. Bull Case If the market conditions improve, and the suburb experiences increased demand, the 3-year growth forecast of 2.0% could potentially be exceeded. With a population growth rate that outpaces the national average, Ramingining could see increased demand for housing, driving up prices and yields. However, this scenario is speculative and relies on various factors, including improved economic conditions, infrastructure development, and increased investment in the area.

## 7. Risks The investment in Ramingining, NT, comes with several risks. The vacancy trend is stable, but the rental demand is only moderate, which may lead to vacancy risk. The unemployment rate of 18.0% is high, which may impact the ability of tenants to pay rent. The supply pipeline is moderate, with development activity consistent with long-term averages, which may lead to an oversupply of properties if demand does not keep pace. The distance from the CBD may limit long-term capital growth potential, and the lack of major projects on file may contribute to the suburb's limited growth prospects.

## 8. The Play Given the low Investment Scorecard rating and the various risks associated with investing in Ramingining, NT, it is recommended to avoid investing in this suburb. However, if an investor is considering entry, they should target a minimum yield of 5-6% to compensate for the risks. Watch signals include changes in the vacancy rate, rental demand, and population growth, as well as any announcements of new infrastructure projects or developments. The recommended strategy is to exercise caution and carefully consider the risks and potential returns before making an investment decision.

Flood risk: not on record for this suburb in the state planning overlay. Order an independent flood certificate before commit. Bushfire risk: not on record for this suburb in the state planning overlay. Order an independent BAL (Bushfire Attack Level) assessment before commit. Heritage status is not on record — confirm with the council duty planner / a Section 10.7 (NSW) or equivalent certificate.

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.