Darwin

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.

“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.

The latest CoreLogic report stating that the Darwin market grew by 4.1% in August is hard to justify.

Property listings for established dwellings are down in Sydney, but up in Darwin.

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.