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All About Tennant Creek, Barkly, NT, 0860

Tennant Creek, located in the Barkly Region of the Northern Territory, offers a unique housing market characterized by its remote, yet culturally rich setting. The town's real estate landscape reflects its historical essence and regional significance. Housing in Tennant Creek mostly comprises modest, single-story homes, often set on spacious lots, echoing the vastness of the surrounding terrain. Compared to larger urban centers, property prices here tend to be more affordable, providing an attractive option for those seeking a quieter lifestyle or investment opportunities in regional Australia. The market is influenced by fluctuating demand due to economic activities in mining and tourism, with periodic surges observed whenever there's a renewed focus on these industries. Renovation and development efforts by the local government and private investors aim to improve housing quality and options, catering to both longtime residents and those relocating to the region for work.

Life in Tennant Creek is distinctly marked by its small-town feel and close-knit community. Residents often speak of a strong sense of camaraderie, influenced by the town's unique blend of cultural histories, including its Indigenous heritage. Living in Tennant Creek offers the appeal of simplicity and tranquility, with an emphasis on outdoor activities supported by the town's scenic natural surroundings. The Barkly region is known for its stunning landscapes, and locals frequently engage in bushwalking, camping, and exploring nearby natural attractions. This lifestyle is complemented by community events and festivals that highlight the vibrant local culture. However, living in Tennant Creek also requires adaptability, as services and amenities are less extensive compared to larger cities. Residents typically enjoy a slower pace of life, which is treasured by those seeking respite from the hustle and bustle of metropolitan living.

Household Makeup

Median Weekly Rent $215.44
Median Monthly Mortgage $1108.22
Median Persons Per bed houseroom 1.07
Average Household Size 2.67
Average Age 35.22
Average Income $913.89
Average Cars Per Dwelling 1.31
Average Properties Within 50M 11
Typical 1 bed house$246,000
Typical 2 bed house$277,000
Typical 3 bed house$326,000
Typical 4 bed house$497,000
Typical 5 bed house
Typical 6 bed+ house

Housing Stock

Local Internet Speeds

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Tennant Creek Real Estate Market Outlook

Thinking about buying in Tennant Creek? Now could not be a better time, with 1829 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $332,000 with prices in this suburb ranging from $52,000 to $1,991,000. The aproximate distance to the coast is 487 Km.

In Tennant Creek 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Tennant Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Tennant Creek 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. Medium density in Tennant Creek necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Tennant Creek 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 Tennant Creek a better buying opportunity than it may have been in the past.

Instant Property Valuation

Local Schools

Tennant Creek Primary School

Tennant Creek High School

(While the above schools are located with the suburb of Tennant Creek there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Tennant Creek weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan5.124.836.232.576.94.425.1
Feb4.024.336.328.369.54.125.0
Mar1.523.635.029.066.84.123.3
Apr0.520.732.322.350.44.721.4
May0.316.427.824.653.64.918.5
Jun0.112.624.423.456.15.017.6
Jul0.112.225.119.449.94.818.0
Aug0.313.927.811.935.74.720.8
Sept0.118.632.610.534.14.824.7
Oct0.421.735.313.040.54.926.7
Nov1.824.537.317.455.24.426.7
Dec3.325.137.224.964.44.626.4

source: Australian Government Bureau of Meteorology




General Points of Interest


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