Darwin Property Investment

Darwin

The hotel, leisure & property market in the Northern Territory has experienced good growth recently. There is a slow increase in the property market in the Northern Territory.

Darwin's property market has increased significantly in the past 5 years. Australian Bureau of Statistics figures show the city recorded an above average rise in house prices. The median house price reaching $252,000 in the first quarter 2005. Darwin's CBD is located on the end of a peninsula and over the last couple of years its become much favoured as a residential area with two supermarkets recently being established there. This has resulted in an influx of population into the Darwin CBD.

A lot of new unit complexs have been built in the suburbs close to the Darwin CBD in recent years. This has boosted the median unit price. Even so, the vacancy rate has been consistently decreasing. Its important for Darwin to achieve its projected population increases, if it doesn't there is a risk there might be a vacancy problem with those unit developments. But that is not evident yet.

Latest Update

The housing market in Darwin has made a good start in the first quarter of 2005 with analysts suggesting a steady year ahead..

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