Darwin's off the plan demand to continue: Herron Todd White

Demand for off the plan units is expected to continue within Darwin, with first home buyers expected to drive continuing growth through to 2016, according to Herron Todd White.

Herron Todd White's September Month in Review found while the pace of demand is less than 2012 and 2013 peaks, development across Darwin is steady.

"With the continuance of very healthy incentives available for new stock we would expect that the demand for off the plan units will continue," the report noted.

"The existing unit market is very largely dependent on the next move from the NT Government. It is widely considered that a reinstatement of FHOGs on existing property, particularly entry level units, will help boost this section of the market through late 2015 and into 2016. 

"The most recent data as produced by the REINT highlights that the overall Darwin median unit price is $480,000 which remains quite stable only falling 1% year on year to June 2015."