Dip into Darwn's prestige market with a casual $1.5 million: HTW
Michael CrawfordDecember 7, 2020
A casual $1.5 million can get you into a four bedroom prestige waterfront home in Darwin, according to Herron Todd White's October Month in Review.
Herron Todd White said although Darwin's top-end market is not 'firing on all cylinders', the local prestige market has not suffered to the extent of other market segments.
"The prestige market is victim to a case of circumstances with investor confidence down as income growth has decreased since the start of 2015," the report noted.
"There are only a limited number of purchasers who operate in this market with properties being listed for long periods of time.
"There are limited markets in Australia that still offer the same opportunity to purchase prime waterfront real estate at this price point."
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.