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Real Estate in Darwin Sees Rise in Listings

Buyers hoping to secure real estate in Darwin may have received a boost this week, with new figures showing residential property listings in the city are on the rise.

Statistics from SQM Research show advertisements for property in Darwin experienced a 5.8 per cent jump in March, when compared with the previous month.

In percentage terms, this improvement was higher than in a number of other capital cities, including Brisbane, Melbourne and Adelaide, with only Sydney and Perth outperforming the Darwin market.

This increase means there were a total of 1,118 houses and apartments in Darwin that were listed during March, although the gains were not quite enough to offset losses experienced in 2012.

The data showed Darwin was seven per cent down last month when comparing year on year figures.

Despite this, managing director of SQM Research Louis Christopher said property market improvements across the nation are signs of steady growth.

"It is our opinion that differing from the recovery witnessed in 2009, the upturn in the Australian property market being experienced at present is a much slower, more normal cyclical uplift," he said.

Mr Christopher listed several contributing factors, such as lower interest rates and healthy growth in the economy.

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