All About Larrakeyah, Darwin, NT, 0820

Larrakeyah, a suburb of Darwin in the Northern Territory, boasts a distinct charm, characterized by its blend of modern conveniences and rich natural beauty. The housing market in Larrakeyah is dynamic, reflecting its desirable location and lifestyle offerings. As of recent years, property prices have shown a steady increase, driven by demand from both local buyers and interstate investors attracted by the suburb's proximity to the Darwin CBD and stunning waterfront views. Larrakeyah offers a mix of residential options, including high-rise apartments with ocean vistas, contemporary townhouses, and well-maintained older homes, providing a variety of choices for prospective homeowners and renters. The competitive market conditions are further fueled by the suburb's limited land availability, contributing to a robust real estate market that appeals to a diverse demographic, from young professionals to families and retirees seeking a serene yet convenient urban environment.

Living in Larrakeyah offers a unique blend of modern urban living and relaxed coastal vibes. Residents enjoy the benefits of proximity to essential amenities and recreational facilities, including the iconic Mindil Beach and the George Brown Darwin Botanic Gardens, perfect for weekend escapes within the city. The suburb is also home to the Larrakeyah Barracks, adding a sense of historical significance and community spirit. Its location adjacent to the bustling Darwin Waterfront Precinct provides easy access to dining, shopping, and entertainment options, ensuring an active and engaging lifestyle. The community in Larrakeyah is diverse and vibrant, fostering a welcoming atmosphere that enhances the suburb's appeal as a desirable place to live. This blend of convenience, natural beauty, and community makes Larrakeyah a standout suburb in Darwin, where residents can enjoy both the tranquility of coastal living and the vibrancy of urban amenities.

Larrakeyah Real Estate Market Outlook

Thinking about buying in Larrakeyah? Now could not be a better time, with 2780 residential properties there's certainly plenty to choose from. Larrakeyah is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in Larrakeyah driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Larrakeyah ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Larrakeyah classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Larrakeyah requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!