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.
As Perth market stabilises, where are the most affordable suburbs?
As Perth's property market stabilises after some tough years in the wake of the downturn in the mining sector, we take a look at where the best value lies in the nation's western capital.
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.
Property prices in Karratha have fallen 59.7% in the last three years, but lower prices and a more buoyant economy are generating solid sales and injecting life back into the mining town.