House prices in Darwin10 January 2016 by News Desk
House prices in Darwin, Australia, have fallen by 3.6% in the last three months.
But the cost of renting a property in Darwin has remained stable and shows no sign of falling any time soon. For landlords in the city, rental yields are the second best in the country.
The average price of residential property in Darwin (houses and units combined) is currently around $520,000, according to the CoreLogic RP Data home value index, a fall of 3.6% between October and December 2015.
Darwin is not alone in seeing declining house prices. Property values fell across four of the eight Australian state capitals in 2015.
For landlords seeking rental tenants, rental yields are currently 5.3% for houses and 5.2% for units. Hobart is the best in Australia with 5.4% rental yield for houses and 5.2% for units.
There are currently around 1000 dwellings available for rent in Darwin.