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Rental Rates in Darwin Increase

The Australian Property Monitors’ December Quarterly Rental Price Series Report comes with good news for those thinking of investing in real estate in Darwin.

Whether you are looking to create wealth by investing in apartments in Darwin or property in Darwin, you will be pleased to know that there was growth for both units and houses in the December quarter.

This means now could be the perfect time to invest as it means a better return on your investment is likely.

The median weekly asking rates for housing increased by 2.9 per cent from the previous quarter, up from $680 in September to $700 in December.

However, this was a notable increase in the year-on-year figure of 7.7 per cent.

Units in the city saw a rise of 3.6 per cent in the median weekly asking rate from $550 to $570 and a yearly increase of the same amount (3.6 per cent).

These figures are positive for landlords as they indicate lucrative gains from investments.

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