With Darwin's median house price sitting at just under $600,000, first-home buyers might find some good buying opportunities in the Top End city.
Population growth has driven Darwin rental yields to 5.1 per cent, the highest in the country.
Desirable homes in Jingili, Karama and Anula are attracting 30-40 groups to open homes, with many selling within 3 weeks, says Glenn Grantham, general manager Raine & Horne Darwin.
“Once southern investors get wind that Darwin real estate is taking off again thanks to our investment yields above 4% and relative affordability, there’ll be no stopping this market,” says Glenn Grantham, of Raine & Horne Darwin.
CoreLogic data for November shows property prices rose in every city except Melbourne, as increased apartment supply begins to bite.
A height exemption makes this penthouse one of the highest land points in the Darwin CBD with views to the Arafura Sea and beyond.
The latest CoreLogic report stating that the Darwin market grew by 4.1% in August is hard to justify.
A four level contemporary cliff-edge home in Cullen Bay offers views to Darwin harbour with the luxury of a home cinema, internal lift, swimming pool and large wine cellar.
Darwin's property market has performed the best out of all eight capital city markets across the fifteen years since the turn of the century.
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