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Japanese resources giant Inpex has made the long-awaited announcement that its $33bn Ichthys gas project will go ahead, fuelling speculation that Darwin’s property market is set to take off.
First time buyers are expected to be the major players in the property market this year, according to a nationwide poll of mortgage brokers.
Sydney and Perth will be the property market’s standard bearers this year, with investors and first home buyers pushing up each city’s real estate values by up to 5%, it has been claimed.