Darwin City is in the bottom 40% in NT when comparing median price capital growth over the last year. Darwin City gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.23%.
A -34.06% growth in median value for property investors in Darwin City,0800 puts this suburb at number 16th in terms of best performing suburbs in NT
Our latest figures would indicate that property sellers in Darwin City are currently offering property investors an average price cut of -8.66% below the asking price at the moment.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
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NT capital could be recovering
Median unit price: $431,000
Stock on market: -3.3%
12-month growth: -8.3%
The Northern Territory’s capital continues to take a dive price-wise, and supply looks to be following at last.
The number of units in the city slipped from 266 to 256 in the year leading up to December 2017 – while the decline is not significant at just 3.3%, this could mean that the tide might be turning for Darwin soon. With the capital slated to hit rock bottom in the next few years before beginning its recovery, this could be a good time to buy in.
The CBD is a good place to be, since this is where major projects are generally looking to take place. Moreover, Darwin is one of the best-stocked suburbs in the state given its strong commercial scene.