Darwin out-performs capitals01 October 2015 by News Desk
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 price of a unit in Darwin is $480,000, a fall of 1% over the past 12 months.
Newly-constructed units come onto the market with a range of attractive incentives for buyers and demand for off the plan units is both driving the market and set to will continue.
Proposed state government changes to property purchase, mainly effecting entry level units, is further expected to boost the market in 2016.