Darwin has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -14.75% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Darwin has fallen somewhat when compared to the 5 year average annual rate.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -10.98% offered to property buyers. Sellers in Darwin itself are offering an average vendor discount of -9.16% to real estate investors.
Residents and property investors in Darwin have been waiting around 141.6 days to sell a property.
Advertised rents are around the $500 mark per week – giving a return of 6.67% based on the median price in Suburb