Sell with Confidence
Read More
News

Strong Improvement in NT Home Lending

There has been a rise in the number of people applying for home loans to purchase property in Darwin, the latest Australian Bureau of Statistics (ABS) figures reveal.

The total number of loans to owner occupiers in the three months to February increased 8.1 per cent when compared to the same period of last year.

During this period, there was a large improvement in the number of loans for the purchase and construction of new properties, which increased by 53.3 per cent.

Robert Harding, regional director of the Housing Industry Association in the Northern Territory, described these latest results as "pleasing".

He continued: "New home lending made some strong improvements at the end of 2012, after which, we saw levels ease off a little.

"It's encouraging to now see a strong monthly result, however we need to see these improvements sustained."

Mr Harding emphasised that it will become increasingly important for housing and planning policies across the region to ensure that the needs of the population are met.

These results support predictions from Australian Property Investor, which recently suggested that the Darwin property market has set itself up for a strong year due to improvements in the national economy.

Up to Date

Latest News

  • Darwin Market Outlook – 2020

    January has got off to a flying start for the Darwin rental market with a clear increase in tenant activity evident from increases across the board in open inspection attendance and enquiry. All very positive signs to kick off the year. In the month of January Ray White Darwin saw … Read more

    Read Full Post

  • What To Expect When Leasing in The Wet Season

    It’s no secret that the wet season is that time of year most landlords like to avoid when it comes to leasing, of course there are many reasons for this but have you considered that there might also be some positive aspects of leasing at this time of year? Below … Read more

    Read Full Post