HTW's top Darwin property hotspots for 2017

Infrastructure projects are what have brought about spikes in the Darwin property market, according to HTW’s February 2017 update.

While the valuation firm says there isn’t a new large project which is likely to kick start the market, there are a number of smaller projects from the new Territory government, the Commonwealth government and from private enterprise that will simmer the market along.

“Defence projects in Darwin and Tindal, Palmerston Hospital, large retail centres and the Darwin Port with Landbridge will be some of the drivers in the local economy that will flow through to the residential space,” the report says.

“Jobs and employment always encourage residential investment in the Top End.

“We think that Karama and Malak are shaping as two hotspots for 2017.

“Entry level housing in these two northern suburbs is back under $400,000.

“We think that this is an excellent option for first home owners or upgraders coming out of a unit.

“While the property will require some work, it is an affordable alternative to a brand new home in competing suburbs, and whilst we as a society have turned to the brand new, shiny and hottest new thing there is something to be admired about starting with a smaller family project and slowly building from there.”

A three bedroom house at 44 Wearing Crescent, Karama (above) has been listed for $425,000.

Similarly a three bedroom house at 34 Livistona Road, Karama (below) has been listed for $399,500.