Five Mile, located within the expansive MacDonnell region of the Northern Territory, offers a unique glimpse into the Outback lifestyle, where the housing market is characterized by its affordability and spaciousness compared to urban areas. The housing stock primarily consists of detached houses and a few modestly sized townhouses, reflecting the region's penchant for open space and privacy. For those seeking an escape from bustling city centers, Five Mile offers an appealing alternative with its vast landscapes and clear skies. The real estate market here often attracts individuals and families looking for a rustic lifestyle or those interested in rural development opportunities. Given the relatively lower demand compared to more urban settings, property prices remain accessible, making it an attractive spot for investors or newcomers aiming to enter the housing market without the financial barriers present in larger cities.
Living in Five Mile provides an unparalleled connection to nature, marked by its proximity to the stunning MacDonnell Ranges and a variety of national parks. Daily life is slower paced, which suits those looking for tranquility and a community-oriented lifestyle. The local culture is rich with indigenous heritage, and there are opportunities to engage in activities that highlight the region’s natural beauty and cultural significance. Despite its remote location, residents of Five Mile benefit from a close-knit community atmosphere, supporting tight-knit relationships among neighbors. The area can pose challenges typical of remote living, such as limited access to amenities and services found in metropolitan regions, and extreme weather conditions are not uncommon. Nevertheless, for those who value solitude, nature, and a simple lifestyle, Five Mile offers a rewarding living experience that emphasizes the beauty and serenity of the Australian Outback.
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Housing Stock
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Thinking about buying in Five Mile? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Five Mile there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Five Mile is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Five Mile leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Five Mile to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Five Mile we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Five Mile a better buying opportunity than it may have been in the past.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Five Mile there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 3.6 | 26.4 | 40.5 | 24.4 | 76.4 | 3.4 | 25.7 |
| Feb | 2.3 | 25.6 | 39.8 | 24.2 | 75.5 | 3.1 | 25.0 |
| Mar | 3.5 | 25.1 | 38.1 | 27.2 | 74.8 | 2.8 | 21.3 |
| Apr | 0.6 | 22.0 | 36.4 | 18.3 | 55.9 | 2.8 | 19.8 |
| May | 0.6 | 16.6 | 30.4 | 20.9 | 57.5 | 3.0 | 17.3 |
| Jun | 0.4 | 13.7 | 27.6 | 21.7 | 60.9 | 2.9 | 15.9 |
| Jul | 0.2 | 12.4 | 28.0 | 19.5 | 59.7 | 2.6 | 17.0 |
| Aug | 0.0 | 12.8 | 31.0 | 12.6 | 49.6 | 2.6 | 20.3 |
| Sept | 0 | 17.0 | 35 | 9.0 | 41.1 | 3.1 | 24.1 |
| Oct | 0.2 | 22.9 | 40.2 | 9.9 | 45.6 | 3.2 | 26.7 |
| Nov | 0.3 | 24.1 | 41.0 | 10.5 | 52.3 | 3.3 | 29.3 |
| Dec | 1.3 | 26.2 | 42.8 | 13.6 | 59.5 | 3.6 | 29.2 |
source: Australian Government Bureau of Meteorology
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