The latest CoreLogic report stating that the Darwin market grew by 4.1% in August is hard to justify.
The federal election and a local poll have failed to dampen property markets in Darwin’s north.
While the political parties argue about real estate affordability in the lead up to the Federal Election, the Country Liberal Party and the Labor Party have made first-home buyer assistance a major issue in the NT election.
First home buyers who will enjoy the benefits of less stamp duty, at a time where we’ve had easing house prices in Darwin and historic low interest rates.
Through the Home Buyer Initiative, the government guarantees investors a head lease rate starting at $550 a week.
New land packages selling for as little as $116,000 are popular with Darwin's first-home buyers.
If you have a tenant who is looking after the property and paying the rent on time, approach them immediately with some carrots, such as a discount on their current weekly rent, to ensure they stay put.
The good news for Darwin real estate is that first home buyer activity is collecting pace.
Buyers can afford to be picky as they have lots of choice.