The Darwin real estate market has bottomed, so local owners should feel less pressure to take the first offer that comes along, says Glenn Grantham, general manager, Raine & Horne Darwin.
Almost 50% of groups at Darwin open homes are first-time buyers, with satellite city Palmerston attracting the most first-home buyer attention, says Glenn Grantham of Raine & Horne Darwin.
A 60% surge in the number of groups at weekend open for inspections is a strong indicator the Darwin real estate market is set to surge.
The Darwin real estate market is now officially back on track, says Glenn Grantham, General Manager of Raine & Horne Darwin, referencing to the latest data from the Real Estate Institute of Northern Territory.
Raine & Horne has recorded a staggering 75% more sales in Darwin in the first fortnight of June, than for the same period in 2016.
The Northern Territory’s generous first-home owner subsidies are influencing more aspiring buyers to take a first step onto the property ladder in Darwin, according to Raine & Horne.
With property values starting to improve, astute empty nesters in Darwin are realising that now is the perfect time to downgrade from a spacious family home into a modern apartment.
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.