1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Darwin residential real estate set for recovery in the new year

December 22, 2011

Forecasts from Australian Property Monitors (APM) could give homeowners and investors a boost over the Christmas break, with data suggesting that the Northern Territory's capital city could be set to receive a pattern of real estate growth.

The December edition of APM's State of the Market report indicates that - while Darwin's 2011 track record was "erratic" - the top end is likely to buck the trend in 2012.

Researchers noted that the increasing demand for skilled labour in NT is likely to necessitate an increase in the number of migrant workers sponsored by local businesses.

These employees will of course require housing - meaning that residential properties may soon be in high demand across the territory's population centres.

Senior Economist for APM Dr Andrew Wilson asserted: "Capital city markets with direct exposure to the resources sector can be expected to record significant growth in house prices over the year."

Wilson also noted that trustees of self-managed super funds are likely to begin showing their interest in potentially higher rental rates as demand in the market sector grows.

In turn, these increasingly popular properties will give both investors and homeowners looking to sell the opportunity to produce a reasonable profit should they choose to participate.

Related Articles

NT residential real estate developments under review

The Northern Territory government has unveiled plans to boosting housing stocks in Darwin - a move ...
read more

Northern Territory mining projects may attract property investment

The Northern Territory government has given the final tick of approval to an $8 billion mining ...
read more

First time buyers emerge in droves in the NT

Northern Territory residents are taking advantage of the territory's first time buyer scheme, ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more