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Rise in Availability of Real Estate in Darwin

Real estate in Darwin is increasingly available, new statistics have shown, with a rise in total listings on the market.

RP Data's Property Market Indicator Summary revealed there were 1,207 dwellings advertised in the 28 days leading up to May 5, a 4.2 per cent rise when compared with the same period last year.

The number of new listings – those not put up for sale within the last six months – jumped by 16 per cent to 319 properties.

These statistics made Darwin real estate the second-best performing capital city in Australia for listings, with only Melbourne's 9.2 per cent growth surpassing the Northern Territory capital.

Darwin also bucked the national trend, which saw the total number of dwellings put on the market slump year on year by 2.1 per cent to 128,650.

In the four weeks to May 5, there were 32 houses and 18 apartments in Darwin sold, settling at median prices of $579,500 and $486,000 respectively.

The average time houses and units remained on the market dropped during this period, with the former typically taking 60 days to sell and the latter typically exchanging hands after 101 days.

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