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ABS 2021 Census · Updated 21 May 2026
Larrakeyah is a well-established middle-ring suburb of Darwin, Australia, with a population of approximately 3,943, making it a boutique locality. Located 2 km from the Darwin CBD, Larrakeyah is a middle ring area in Northern Territory. The median household income is $123,344 per year.
Larrakeyah benefits from a high-income resident base, supporting premium property pricing. Close CBD access strengthens tenant appeal and resale value.
Official Australia Post postcode for Larrakeyah. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Larrakeyah on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Larrakeyah's population of 3,943 sits 29% above the Northern Territory suburb median of 3,057, giving it a wider tenant and buyer catchment than the average NT locality. Households here earn $123,344/year on average — 9% above the NT suburb median of $113,308 — a modest premium that supports resilient owner-occupier demand. Median weekly rent of $395 equates to $1,712/month — about 95% of the median mortgage repayment of $1,800/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 2 km from the Darwin CBD, Larrakeyah sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 19% of dwellings are separate houses (vs 68% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Middle-ring locations like this one historically reward patient holders — focus on homes near catchment-zone schools and major transport. Local rents consume roughly 17% of household income — a useful sanity check on tenant affordability.
How Larrakeyah stacks up against the median of all Northern Territory suburbs in our dataset. Positive values mean Larrakeyah sits above the state median; negative means below.
| Metric | Larrakeyah | NT median | Δ vs state |
|---|---|---|---|
| Population | 3,943 | 3,057 | +29% |
| Median household income | $123,344/yr | $113,308/yr | +9% |
| Median rent (weekly) | $395 | $360 | +10% |
| Median mortgage (monthly) | $1,800 | $1,950 | -8% |
| Distance to CBD | 2 km | 15 km | -87% |
| Separate houses | 19% | 68% | -49pp |
Pre-inspection briefing for Larrakeyah — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Larrakeyah's 3,943-person market and $123,344 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage: $395/week (~$1,712/month) covers 95% of the $1,800/month median mortgage repayment, so the shortfall sits at just $88/month. Investors targeting positive cash flow should shortlist this suburb.
Only 19% of dwellings are separate houses (vs 68% NT median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Larrakeyah property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Larrakeyah are modest for 2026 — incomes 9% above the NT median of $113,308 and a population of 3,943 suggest gains will lag headline metro markets. Rental coverage runs at ~95% of the typical mortgage ($1,712/month rent vs $1,800/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 83/100 places Larrakeyah in the top tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Larrakeyah scores 83/100 on our EquitySight investment framework — a strong rating. That score is driven by a population of 3,943, median household income of $123,344/year and median weekly rent of $395. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Larrakeyah are proximity to Darwin (2 km), an above-state-median household income of $123,344/year, a dwelling mix that is 19% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Larrakeyah has a usual resident population of approximately 3,943, compared with a Northern Territory suburb median of 3,057 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Larrakeyah sits 2 km straight-line from the Darwin CBD. This is inner-ring territory — pricing competes directly with established Darwin employment nodes.
The most recent census recorded a median weekly rent of $395 in Larrakeyah, equating to approximately $20,540/year in gross rental income (state median $360/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Larrakeyah is $1,800, or approximately $21,600/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $395 works out to $1,712/month, covering 95% of the median mortgage repayment of $1,800/month. That leaves a $88/month shortfall (around $1,056/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (3,943 residents), interest-rate sensitivity on the $1,800 median mortgage, a unit-heavy dwelling mix (19% houses) where body-corporate costs and apartment supply affect resale, the broader Northern Territory market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.