Milikapiti, NORTHERN-TERRITORY Real Estate & Suburb Profile
Comprehensive property market insights and live data for Milikapiti.
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Property Market Snapshot & Data for Milikapiti
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About Milikapiti Real Estate
Milikapiti is a village on the northern coast of Melville Island, Northern Territory, Australia. At the 2011 census, Milikapiti had a population of 447.
It is 105 kilometres (65 mi) by air from Darwin. Fly Tiwi airlines fly twice daily to and from Darwin servicing Milikapiti. The flight takes approximately 25 minutes.
The day-to-day management of the Milikapiti community is the responsibility of the Tiwi Islands Regional Council.
Property Investment Potential
When analyzing the local real estate landscape, Milikapiti presents a dynamic opportunity. With median property prices sitting around $863,000 and delivering an average rental yield of 4.7%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 29 days on the market, underscoring the consistent demand in this part of Northern Territory. For accurate financial planning, check out our investment calculators to estimate your potential returns.
Local Demographics & Lifestyle in Milikapiti
Frequently Asked Questions about Milikapiti Real Estate
What is the median house price in Milikapiti?
The median house price in Milikapiti, Northern Territory is currently estimated at $863,000.
Is Milikapiti a good place to invest?
With a capital growth of 5.5% over the last 12 months and an average rental yield of 4.7%, Milikapiti presents a solid opportunity for property investors.
What is the postcode for Milikapiti?
The postcode for Milikapiti in Northern Territory is 0822.