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BIS Shrapnel: Median House Prices In Darwin Grow Four Per Cent Over Last Year

By Alicia Jarrett

Anyone who owns real estate in Darwin and is looking to sell could be taking advantage of a fantastic property market at the moment, with median prices growing four per cent over the past year.

According to the latest statistics from BIS Shrapnel, property in Darwin has been steadily increasing in value over the past three years due to increased investment from the resource industry in the area.

BIS Shrapnel senior manager Angie Zigomanis said in a statement released July 1 that the general improvement of the residential market over the last half of 2012 was stimulated by the low interest rates experienced.

The median house price for Darwin property in June 2013 was estimated by BIS Shrapnel to be sitting at $595,000. Mr Zigomanis also expected a further ten per cent rise in median house prices in Darwin over the next three years to June 2016.

This could also present a fantastic opportunity for anyone looking to purchase investment property in the near future. Take advantage of low interest rates and the thriving housing market to find the perfect property to add to your portfolio.

Get in contact with the team at Ray White Darwin in order to begin your search for property in Darwin today.

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