Sell with Confidence
Read More

Darwin Rental Update

By Amy Trezise

With 2015 well and truly gone the Darwin rental market still remains strong with the highest Australian mainland rental yield of 5.3%.

While the NT saw a drop in house rentals by 4% in the past 12 months, units were most effected with a decline of 10.3%.  Although this seems dramatic, rental prices are still up on average of 2.3 % over the last 5 years.

The overall Darwin vacancy rate has risen a further 1.5% in the quarter October to December 2015 and currently sits at 8.9%. Palmerston’s vacancy rates held stronger than Darwin with a decline in the rate by 0.7% dropping from 6.6% for the June to September 2015 quarter to 5.9% for October to December 2015.

Here at Ray White Darwin we pride ourselves in customer service and the results show as below;

*Darwin and surrounds average as supplied by REINT

What are you waiting for? Call us today!

Click here to view the CoreLogic RP Data Quarterly Regional Market Rental Review or here for the REINT RELM Report Report.

* Source Corelogic RP data & REINT

If you would like further information on the Darwin Rental Market, please leave your details below and one of our Rental experts will be in touch.

Your Contact Details

Up to Date

Latest News

  • Darwin Market Outlook – 2020

    January has got off to a flying start for the Darwin rental market with a clear increase in tenant activity evident from increases across the board in open inspection attendance and enquiry. All very positive signs to kick off the year. In the month of January Ray White Darwin saw … Read more

    Read Full Post

  • What To Expect When Leasing in The Wet Season

    It’s no secret that the wet season is that time of year most landlords like to avoid when it comes to leasing, of course there are many reasons for this but have you considered that there might also be some positive aspects of leasing at this time of year? Below … Read more

    Read Full Post