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The Darwin housing market has recorded one of the highest long
term rates of capital gain amongst the nation’s capital city housing
markets; however, dwelling values have been trending lower over the
past year as large infrastructure projects approach the completion of
the construction stage. Buyer demand has eased off at a time when
listing numbers have risen, which is providing prospective buyers with
strong buying conditions and plenty of choice in the market. Despite
the downturn in values, Darwin rental yields remain amongst the
highest of any capital city.
NORTHERN TERRITORY
Darwin eases off
Median prices across NT
How NT regions compare
Number
sold
Days on
Market
12 month
growth
Darwin City
751
66
-1.7%
Litchfield
228
78
-4.2%
Central NT
352
66
0.0%
Palmerston-East Arm
683
77
2.2%
Lower Top End NT
115
77
7.4%
Finniss
49
174
-6.7%
Barkly
26
112
-5.0%
Lower range (25th percentile) Median price (50th percentile) Upper range (75th percentile)
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$900k
$800k
Darwin’s performance over time
NT’s best performers
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Rank
Top Ranked Suburb
1
NIGHTCLIFF $850,000
36 35.4%
2
KATHERINE SOUTH $350,000
23 16.7%
3
STUART PARK $770,000
29 10.0%
Rank
Top Ranked Suburb
1
LARAPINTA $359,500
22 19.8%
2
FANNIE BAY $642,500
36 19.2%
3
BRAITLING $308,000
10 16.2%
* Based on postcode median house sale prices for 12 months to end September 2015.
Houses
Units
Median Price
$590,000
$480,000
Quarterly change
4.0%
-13.3%
12 months change
-3.1%
-7.4%
5 year total change
-6.3%
-14.7%
10 year total change
90.9%
67.9%
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