Incentives driving Darwin property investment: Herron Todd White

Incentives driving Darwin property investment: Herron Todd White
Incentives driving Darwin property investment: Herron Todd White

Construction in Darwin suburbs remains unabated with incentives to first home buyers and the Real Housing for Growth investment program driving investment, according to Herron Todd White's September Month in Review.

Herron Todd White noted the high construction level of new units the CBD and suburbs Palmerston, Nightcliff, Millner, Coconut Grove and Berrimah have a mix of medium density, large complexes with ground level and two storey semi detached dwellings.

"The big shift in the unit market has been seen in the rental market. For the year to June 2015 in the inner Darwin sector,one bedroom units have reduced 9.5%, two bedroom units have reduced 12.5% and three bedroom units have reduced 16.5%," the report highlighted.

"This has certainly been a welcome relief to all tenants in the market, swinging the pendulum back to the tenant after a number of years in the landlord’s corner."

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Housing Affordability Unit Construction

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