The Northern Territory’s property price surge is showing no sign of abating with dwelling values rising 10 per cent in the first half of the year.
Figures from RP Data show the Northern Territory is also experiencing high rental yields, with houses offering 6.38 per cent and units 6.13 per cent.
“Overall Darwin’s property market has been seemingly unaffected by the global financial crises,” RP Data’s research director Tim lawless said.
Last week, a Top End property in Darwin was sold in just thirty minutes for $100,000 over the price paid by the owner 18 months previously.
Another property in Darwin's northern suburbs was listed on a real estate website last Friday night and sold for the asking price by Sunday.