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Great Time to Buy in Darwin

Anyone looking to purchase property in Darwin will have more options to choose from than those searching in other capital cities.

In the 12 months to December 2013, Darwin led the country in residential property listings and was the only capital to record a year-on-year increase.

This growth of 19.6 per cent was described as a "sizeable yearly increase" by SQM Research and means there were more pieces of real estate in Darwin available on the market in 2013 than there were this time in 2012.

As a result, home buyers in the city can make sure they get a property that suits their individual needs as there is a greater variety to choose from.

In comparison, those looking for property in Sydney, for example, will have a tougher time because of falling stock levels.

Over the same period that Darwin experienced its "sizeable yearly increase" in stock levels, Sydney's rate of residential property listings dropped by 19.6 per cent.

This means buyers in Sydney will need to look harder to find a property that suits them and may face more competition from other buyers in the market.

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