Darwin clocks rosy growth for rental yields

By Gerv Tacadena | 21 Apr 2021

Weekly rents in Darwin are rising faster than sales prices, pushing up the city's rental yields, according to the latest report from Domain.

Rental yields hit 5.63% for houses and 7.3% for units. House rental yields have reached their highest level since 2004, while unit rental yields are currently at their strongest since Domain records began.

"The jump in gross rental yields suggests rents are rising at a greater pace than sale prices. The sustainability of Darwin’s rental rebound is questionable, considering short-term factors could be driving the revival in rental demand," said Nicola Powell, senior research analyst at Domain.

Darwin's rental market posted its steepest annual gain in rents since 2013. Weekly house rents have jumped by 14.6% to $550, while weekly unit rents increased by 13.2% to $430.

"Tenants are forking out $70 more a week renting a house and $50 more for a unit than they were one year ago," Powell said. "It costs the same to rent a house in Darwin and Sydney – rents have not been on par in these two cities since 2017."

A separate report from CoreLogic showed that prices in Darwin have risen by 2.3% on a monthly basis to $451,408. On an annual basis, the city reported the biggest gain at 14.2%.

Top Suburbs : canterbury , homebush , westmead , collingwood , west rockhampton


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here