Darwin unit market at five o'clock, but could pick up: Experts

Larry SchlesingerDecember 8, 2020

Darwin’s unit market continues to offer investors the strongest rental yields of all capital city markets.

As with houses, demand for Darwin units could also pick as a result of the Inpex LNG project.

Darwin houses and units priced in the affordable $400,000 and $500,000 range continue to sell well, accounting for nearly a quarter of all sales in the city during 2011 – a higher proportion in than any other capital city except for Canberra.

Time: Five o'clock

According to SQM Research director Louis Christopher, Darwin recorded the largest decrease in residential stock on market of all Australian capital cities for the year, with listings falling by 11.7% in February 2012 compared with February 2011 to a total of 1,331.

Population: 128,000

Median unit prices: $380,000

Unit price growth in February 2012: 0.3%

Annual unit price growth to December 2011: -2.6%

Annual unit price growth to July 2011: -4.1%

Rental yield: 5.7%

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Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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