News

Darwin Property Update

By Amy Trezise

It appears that our prediction of a further slight decline for 2016 may not be correct.

According to Corelogic RP Data figures the Darwin Property Market has seen an increase in activity.

The Median days on market for houses has decreased from 123 in December 2015 to 121 with Sellers original sale price reduced to -9.7% compared to the December figure of 10.1%.

Median house prices remain unchanged but the unit median price has jumped from $413,000 to $507,000 in a matter of 6 weeks.  This to us indicates units of a higher price are at the top of Buyers lists and/or recently developed off the plan units have reached settlement.

Darwin still holds the highest rental yield in Australia at 5.3%.

Whilst these movements are small we can only hope it is a sign of better things to come for NT property owners.

Click here to view the Corelogic RP Data Housing Market and Economic Update.

*source Corelogic RP data

Up to Date

Latest News

  • THE HIGHER RENT LOWER INCOME MISCONCEPTION

    Many landlords who lease their property often have a mindset of ‘holding out for the highest rent’, thinking the sky is the limit in a competitive rental market. Many even do this if it means losing several weeks of rental income, with an over-priced and sometimes assumed rent without substantiating … Read more

    Read Full Post

  • 7 MOST COMMON INVESTOR MISTAKES

    Buying an investment property without thoroughly looking at capital growth and rental return potential. Research is critical when buying an investment property. Most real estate institutes and real estate listing websites throughout Australia provide free online information about the long-term performance of individual suburbs in terms of capital growth, which … Read more

    Read Full Post