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Darwin market continues to boom

By Staff Reporter
03 September 2009 | 1 minute read

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.

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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.

Darwin market continues to boom
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top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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