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Sales Activity
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Sales Detail
Population
Population growth drivers in Larrakeyah are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
As of November 2025, Larrakeyah's population is approximately 4,383. This figure represents an increase of 440 people since the 2021 Census, which reported a population of 3,943. The change is inferred from the estimated resident population of 4,389 in June 2024 and address validation as of the Census date. Larrakeyah's population density is around 2,247 persons per square kilometer, exceeding the average seen across national locations assessed by AreaSearch. Larrakeyah's growth rate since the 2021 census was 11.2%, surpassing both the SA3 area (8.7%) and the national average, indicating it as a growth leader in the region. Overseas migration contributed approximately 81.6% of overall population gains during recent periods.
AreaSearch is using ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and to estimate growth post-2032, AreaSearch applies growth rates by age cohort, provided by the ABS in its latest Greater Capital Region projections (released in 2023, based on 2022 data). Based on projected demographic shifts, Larrakeyah is expected to have an above median population growth. By 2041, the area's population is projected to increase by 729 persons, recording a total gain of 16.8% over the 17 years.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in Larrakeyah according to AreaSearch's national comparison of local real estate markets
Larrakeyah has recorded approximately two residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, 13 homes were approved, with none yet approved in FY26. On average, around 24.5 new residents arrived per year for each dwelling constructed during this period.
This indicates substantial supply lagging demand, leading to heightened buyer competition and pricing pressures. Developers target the premium market segment, with an average construction value of $795,000 for new dwellings. In FY26, $10.5 million in commercial development approvals have been recorded, suggesting balanced commercial development activity. Compared to Greater Darwin, Larrakeyah shows approximately 75% of the construction activity per person, placing it among the ninth percentile nationally, resulting in relatively constrained buyer choice and supporting interest in existing properties. This level is below average nationally, reflecting the area's maturity and possible planning constraints.
New development consists of 50.0% standalone homes and 50.0% attached dwellings, creating more affordable entry points for downsizers, investors, and first-home buyers. Notably, developers are constructing more detached housing than the existing pattern implies (22.0% at Census), reflecting persistent strong demand for family homes amid densification trends. Future projections show Larrakeyah adding 735 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Larrakeyah has limited levels of nearby infrastructure activity, ranking in the 14thth percentile nationally
Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 13 projects that may impact this region. Notable projects include The Avenue Larrakeyah, Darwin Youth Centre, Larrakeyah Defence Precinct Redevelopment, and Darwin Digital Hub. Below is a list of those expected to be most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Darwin City Stadium
Proposed 25,000-seat covered multi-purpose stadium in Darwin CBD to support a future Northern Territory AFL team bid and host major events across multiple codes. Preferred location is the former Shell fuel tank site on Garramilla Boulevard. Project remains in early feasibility and site-selection phase with no final investment decision or funding committed as of December 2025.
Darwin City Deal - Cavenagh Street Redevelopment
Comprehensive revitalisation of Cavenagh Street anchored by the newly completed $250 million Charles Darwin University 'Danala' City Campus and extensive streetscape upgrades. The project delivered a cooling, pedestrian-friendly civic spine with the 'Greening and Cooling' enhancement works completed in May 2024, featuring heat mitigation infrastructure and improved public realm connectivity. While the main Cavenagh Street precinct works are complete, the adjacent $30 million Civic Centre redevelopment on Harry Chan Avenue is progressing through planning.
Darwin Digital Hub
$55 million technology and innovation hub providing startup incubation, co-working spaces, and digital skills training to position Darwin as a regional tech center.
Darwin Youth Centre
$18 million multipurpose youth facility offering sports courts, creative studios, mentorship programs, and educational support services for young people.
The Avenue Larrakeyah
A luxury residential development featuring 54 premium apartments with 1, 2, and 3-bedroom configurations, designed for modern coastal living. The project includes high-end amenities like a rooftop terrace and is located close to Darwin CBD.
Frances Bay Mooring Basin lock upgrade
The Northern Territory Government has completed a $20 million upgrade of the Frances Bay Mooring Basin lock. The upgrade includes delivering new lock doors, modernising mechanical and electrical systems, and extending the life of the asset to ensure long-term sustainability, efficiency, and safety for industries such as seafood, pearling, and charter vessels.
Larrakeyah Defence Precinct Redevelopment
The Larrakeyah Defence Precinct Redevelopment in Darwin is a comprehensive $602 million program that includes upgrades to both Larrakeyah Barracks and HMAS Coonawarra. The project features new facilities, wharves including the new Kuru Wharf, hardstand areas, buildings, fuel facilities, and comprehensive infrastructure upgrades to support enhanced naval operations and joint military capabilities. This critical upgrade enhances the ADF's capacity to conduct operations in northern Australia and provides fuel storage and refuelling capabilities for current and projected demands.
Asti Motel Redevelopment, Packard Place
The project involves the development of 119 serviced apartments and residential units, reducing the number of buildings from three to two, across two buildings of 10 and 11 storeys, at the site of the demolished Asti Motel.
Employment
AreaSearch analysis of employment trends sees Larrakeyah performing better than 90% of local markets assessed across Australia
Larrakeyah has an educated workforce with prominent representation in essential services sectors. Its unemployment rate is 0.7%, lower than Greater Darwin's 3.0%.
Over the past year, employment grew by 3.1%. As of June 2025, 3,122 residents are employed, with a local unemployment rate of 2.4% and workforce participation at 74.3%. Key industries for residents include public administration & safety, accommodation & food, and health care & social assistance. Notably, public administration & safety has an employment share 1.4 times the regional level.
Conversely, construction has limited presence with 5.1% employment compared to 9.2% regionally. Many residents may commute elsewhere for work based on Census data. Between June 2024 and June 2025, employment increased by 3.1%, labour force grew by 2.9%, leading to a decrease in unemployment of 0.2 percentage points. In contrast, Greater Darwin had employment growth of 2.9% with marginal unemployment change. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment expansion by 6.6% over five years and 13.7% over ten years. Applying these projections to Larrakeyah's employment mix suggests local growth of approximately 6.3% over five years and 13.2% over ten years, though these are simple extrapolations for illustrative purposes only.
Frequently Asked Questions - Employment
Income
The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis
AreaSearch's aggregation of ATO data released for financial year 2022 shows Larrakeyah had a median taxpayer income of $71,643 and an average income of $88,443. These figures are among the highest in Australia, compared to $65,522 and $75,260 across Greater Darwin respectively. Based on Wage Price Index growth of 12.01% since financial year 2022, estimated median income for Larrakeyah as of September 2025 is approximately $80,247, with average income at around $99,065. According to the 2021 Census, incomes in Larrakeyah rank highly nationally, between the 87th and 95th percentiles for household, family, and personal incomes. The predominant income cohort is 41.1% of locals earning $1,500 - $2,999 weekly, aligning with regional levels at 36.7%. Higher earners make up a substantial presence, with 36.9% exceeding $3,000 weekly. Housing accounts for 14.2% of income, and residents rank within the 87th percentile for disposable income. The area's SEIFA income ranking places it in the 8th decile.
Frequently Asked Questions - Income
Housing
Larrakeyah features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership
Larrakeyah's dwelling structures, as per the latest Census, comprised 22.0% houses and 78.0% other dwellings. In comparison, Darwin metro had 23.6% houses and 76.4% other dwellings. Home ownership in Larrakeyah was at 15.9%, with mortgaged dwellings at 17.1% and rented ones at 67.1%. The median monthly mortgage repayment was $1,800, lower than Darwin metro's $2,000 but close to the national average of $1,863. Median weekly rent in Larrakeyah was $395, higher than Darwin metro's $420 and the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Larrakeyah features high concentrations of group households, with a fairly typical median household size
Family households constitute 61.4% of all households, including 24.8% couples with children, 31.8% couples without children, and 4.2% single parent families. Non-family households account for the remaining 38.6%, with lone person households at 28.4% and group households comprising 10.1% of the total. The median household size is 2.3 people, which aligns with the Greater Darwin average.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in Larrakeyah places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
Educational attainment in Larrakeyah is high, with 48.9% of residents aged 15+ having university qualifications, compared to 27.3% in the Northern Territory (NT) and 30.4% nationally. Bachelor degrees are most common at 29.7%, followed by postgraduate qualifications (14.6%) and graduate diplomas (4.6%). Vocational credentials are also prevalent, with 28.5% of residents holding them, including advanced diplomas (11.7%) and certificates (16.8%). Educational participation is high, with 32.3% of residents currently enrolled in formal education.
This includes 9.4% in primary education, 9.3% in tertiary education, and 4.1% pursuing secondary education. Larrakeyah Primary School serves the area, enrolling 465 students as of a recent date. The school's Index of Community Socio-Educational Advantage (ICSEA) is 1083, indicating above-average socio-educational conditions. There is one primary school in the area, with secondary education options available in nearby regions. As of a specific period, there were 10.6 school places per 100 residents in Larrakeyah, lower than the regional average of 15.1. Some students may therefore attend schools in adjacent areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Larrakeyah has eight active public transport stops, all of which are bus stops. These stops are served by 28 different routes that together facilitate 1,338 weekly passenger trips. The area's transport accessibility is rated as good, with residents on average being located 202 meters from the nearest stop.
On average, there are 191 daily trips across all routes, which equates to approximately 167 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Larrakeyah's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Health outcomes data shows excellent results throughout Larrakeyah, with a very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 64% of the total population (2,805 people), compared to 61.3% in Greater Darwin and the national average of 55.3%. The most prevalent medical conditions are arthritis and asthma, affecting 4.6% and 4.3% of residents respectively.
A significant majority, 82.9%, reported being completely free from medical ailments, compared to 79.9% in Greater Darwin. Larrakeyah has 10.4% of its population aged 65 and over (456 people). Health outcomes among seniors are particularly strong, aligning with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
Larrakeyah is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Larrakeyah's cultural diversity is notable, with 32.0% speaking a language other than English at home and 40.0% born overseas by 2021 census data. Christianity is the predominant religion, accounting for 38.2%. Hinduism stands out with 11.6%, compared to Greater Darwin's 7.4%.
Top ancestry groups are English (23.6%), Australian (18.5%), and Other (17.3%). Some ethnicities show notable variation: Filipino at 3.2% vs regional 2.9%, Korean at 0.6% vs 0.4%, Vietnamese at 1.2% vs 1.1%.
Frequently Asked Questions - Diversity
Age
Larrakeyah's young demographic places it in the bottom 15% of areas nationwide
Larrakeyah's median age at 33 years is comparable to Greater Darwin's average of 34 and is substantially lower than Australia's median of 38. Relative to Greater Darwin, Larrakeyah has a higher concentration of residents aged 25-34 (26.4%) but fewer residents aged 5-14 (9.0%). This 25-34 concentration is well above the national average of 14.5%. Post-2021 Census data shows that the 35 to 44 age group grew from 16.2% to 18.0%, while the 75 to 84 cohort increased from 2.4% to 3.5%. Conversely, the 15 to 24 cohort declined from 13.7% to 12.1%, and the 55 to 64 group dropped from 9.9% to 8.6%. Demographic modeling suggests that Larrakeyah's age profile will evolve significantly by 2041. The 45 to 54 age cohort is projected to grow steadily, expanding by 158 people (33%) from 483 to 642. Meanwhile, the 0 to 4 cohort grows by a modest 5% (10 people).