Real Estate Darwin - Real Estate Northern Territory

Real Estate Darwin NT

1. Real Estate NT

For the year ending December 2004, Darwin enjoyed a very healthy growth of 13% in it’s median house price. This is well above most other Australian states.

Currently Darwin is developing very fast. It has the lowest unemployment in Australia and one of the highest property growth rate. Darwin rental properties are also showing better rental returns than those offered by some of the larger capital cities in Australia.

The Northern Territory is forecast to exhibit the strongest economic growth of all the Australian States over the next five years.

Key Drivers of forecasted growth include: 

• Major Resource Investment Projects – mainly from major oil and gas projects
• A significant recovery in inbound tourist numbers and
• Expansion in the transport sector