Sell with Confidence
Read More

Darwin Property Market ‘Poised for Strong Year’

The coming months are likely to be a positive time for the Darwin property market, experts have predicted.

The February 2013 Housing Market Report from Australian Property Investor (API) highlighted that activity is improving due to conditions in the wider economy.

As a result, API anticipates that Darwin will continue to build on its nation-leading performance of last year.

Senior economist Andrew Wilson said: "Low interest rates, a strong economy and a shortage of housing driving rent increases is set to intensify buyer activity and prices growth."

Mr Wilson explained that prestige markets are likely to be activated in the near future as the All Ordinaries Index is now holding above 5000 for the first time in three years.

Meanwhile, the international economic outlook is becoming more positive, which will also work in the favour of buyer sentiment.

Data from SQM Research released earlier this week revealed that there has been a rise in residential listings throughout Darwin.

In March, the number of listings increased by 5.8 per cent when compared to February, making the improvement higher than many other capital cities including Brisbane and Melbourne.

In fact, only Sydney and Perth were shown to have outperformed the Darwin market.

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