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Median Home Value Rises in Darwin

If you are considering selling your real estate in Darwin, now could be the perfect time to place your property on the market.

Recent RP-Data Rismark findings show the median home value for properties in Darwin has increased by 1.6 per cent for the year ending December 2013.

As a result, the median home value for dwellings in Darwin reached $525,000 at the end of 2013.

This activity could present good opportunities for investors looking to secure a rental property with positive value growth.

Particularly as Darwin had the highest rental yield in the country. Houses received a gross rental yield of 6.1 per cent, while units and apartments in Darwin had a yield of 5.9 per cent, according to RP Data-Rismark figures.

Sydney took the top spot in the country for value growth during 2013 after experiencing a rise of 12.5 per cent. This has pushed up the median price up to $640,000.

Despite Darwin experiencing a lower rate of growth than Sydney, purchasing property in the city is still a viable option for any keen investor in the market, or homeowner looking to potentially make a gain on the sale of their property. 

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