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Darwin news

Want to know what’s happening in Darwin, the Northern Territory? We’ve got it covered.

We guarantee the most up-to-date new stories about Darwin, which are written by local, national and international reporters exclusively for you.

House prices fall in Australia

02 October 2015 In: Property, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Hobart, General

The price of residential property has fallen in half of all capital cities in Australia. In the past three months the value of residential property in half of Australia’s capital cities has decreased, with traditional ‘hotspot’ Sydney seeing flat price growth. Darrell Todd of thinkingaustralia says: “A fall in house prices is good news for buyers and migrants seeking to purchase their first home down under. I have been predicting a housing price slowdown since…

Darwin out-performs capitals

01 October 2015 In: Property, Darwin, Northern Territory, General

House price growth in Darwin has exceeded all other capital cities in Australia over the past decade. Latest official figures show Darwin was the strongest performing city during the mining boom and far ahead of second place Perth. And the city’s growth trend continues with record demand for new apartments. And more new buyers are purchasing their homes off-plan. Industry observers predict rising demand for units in Darwin will continue well into 2016. The average…

House prices fall in Australia

24 September 2015 In: Migration, Property, Finance, Perth, Darwin, General

The price of homes in Perth and Darwin in Australia has dropped by almost 2% in the past 12 months. Although house and unit prices have risen in Sydney and Melbourne in the past year, house price inflation is slowing down in other cities and in Perth and Darwin prices have shown a marked fall. In the past three months Capital city residential property prices rose 8.9% in Sydney and in Melbourne by 4.2%. In…

$50bn boost for Australia cities

23 September 2015 In: Jobs, Migration, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Economy, General

Major cities across Australia such as Perth, Sydney and Melbourne, are to benefit from $50bn in new infrastructure projects. The money has been set aside by the government to fund a wide range of projects including new road and rail links, hospitals and community facilities to keep pace with the rapidly expanding population of Australia’s capital cities. Darrell Todd of thinkingaustralia says: “This is great news for potential migrants as thousands of skilled workers will…

Australia house prices fall

16 September 2015 In: Property, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, General

The price of homes in 50% of Australia capital cities has fallen over the past three months. Darwin recorded the biggest fall in values with prices dropping by 3.2% over the past quarter. Prices in Perth were down by 1.5%, Canberra is 0.8% lower and Adelaide prices are slightly lower, at 0.1%. The average price of a house in Adelaide is now $425,000 while average cost of a Unit (apartment) is $342,000. While prices in…

$32bn in Australia home loans

15 September 2015 In: Property, Finance, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Victoria, General

New Government lending rules aimed at cooling the property market in Australia has yet to have a big impact on home loan demand. According to the Australian Bureau of Statistics, 53,095 home loans were approved in July, a rise of 0.3% on the previous month. The total value of all dwelling commitments also increased with more than $32 billion in home loans written in July. Major banks and finance house in Australia have recently changed…

Australia home rents falling

10 September 2015 In: Property, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Hobart, Victoria, Tasmania, General

The cost of renting a house in Australia has fallen by 1% and across the country combined rent is increasing at its slowest on record. Rent inflation is slowing down as the construction boom brings tens of thousands of new homes onto the market in Australia’s capital cities. And in three major cities rental costs have fallen in the past 12 months, in one case by over 10%. Sydney, at $592 per week, remains the…

$21bn LNG boost for Darwin

26 August 2015 In: Jobs, Darwin, Northern Territory, General

The future of gas production in Darwin looks to be secure with plans for a new $21 billion offshore gas development off northern Australia. In a move that is good news for migrant workers with experience in the oil and gas industry, US company ConocoPhillips says it is planning to develop two gas fields – Caldita-Barossa in the Timor Sea and Poseidon in the Browse Basin – to ensure continuance of supplies when existing underground…

Darwin motorists ‘pay too much’

25 August 2015 In: Darwin, General

A petrol price war in Australia has seen some drivers benefit from price falls but motorists in Darwin are paying more for their fuel. Stiff competition between petrol companies has seen prices fall in some states since the start of this year when fuel companies were accused of profiteering. And recent falls in the wholesale price of petrol should mean costs should fall at the pump but these savings, in many cases, are not being…

Darwin enjoys cheapest petrol

12 August 2015 In: Darwin, Northern Territory, General

The cheapest petrol in Australia is to be found in the city of Darwin in the Northern Territory. The price of fuel in the city has gone from being the most expensive in the country to the cheapest in less than 12 months. The cost of a litre of petrol – at $1.34 – is 5.7% lower than in any other Australia capital city where the average is $1.40 per litre. Last year, the price…

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