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.