OFF MARKET

1383911 Packard Avenue
Durack NT 0830

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1950m2
Land area: 1950m2
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Property Details for 1383911 Packard Ave, Durack

Building Type
Commercial
Floor Size
1950m2
Land Size
1950m2
Local Government
Palmerston

Last Listing description (January 2017)

With one lot sold and ready to be developed, this is an exciting time to be part of a development in the sought after growing suburb of The Heights Durack.
With direct exposure to the immediate 882 residences at The Heights, and scope to service the greater Palmerston area, with the Community Purpose zoning and strategic positioning within a residential master-plan, the lot will appeal to an astute group of investor developers.
The opening of the Gateway Shopping Centre in 2017 and new Palmerston Hospital will increase the viability of this commercial opportunity.

Key Features:
* Lot 13839 available 1950sqm
* Proposed medical precinct
* Close proximity to Gateway Shopping Centre
* Scope to service Greater Palmerston area
* Direct exposure to 882 residences at The Heights
* Adjacent to CDU Palmerston Campus
Contact Craig Inkster or Dragica Hosking for more information.

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Property History for 1383911 Packard Ave, Durack, NT 0830

A timeline of how this property has performed in the market
  • 13 Jan 2017
    Listed for Sale Not Disclosed

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About Durack 0830

The size of Durack is approximately 3 square kilometres. It has 14 parks covering nearly 18.5% of total area. The population of Durack in 2011 was 2,873 people. By 2016 the population was 3,545 showing a population growth of 23.4% in the area during that time. The predominant age group in Durack is 30-39 years. Households in Durack are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Durack work in a trades occupation. In 2011, 40.5% of the homes in Durack were owner-occupied compared with 43.4% in 2016.

Durack has 1,591 properties. Over the last 5 years, Houses in Durack have seen a 33.34% increase in median value, while Units have seen a 13.08% increase. As at 30 September 2024:

  • The median value for Houses in Durack is $579,177 while the median value for Units is $362,115.
  • Houses have a median rent of $665 while Units have a median rent of $565.
There are currently 19 properties listed for sale, and 8 properties listed for rent in Durack on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Durack.

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