Following a strong rise in home values across Australia’s northernmost capital city, we partnered with RP Data to find out where you can still bag a bargain and where you should expect to pay more.
Darwin’s property values grew 6.5% last financial year, with many of the booming suburbs located close to the city centre. Since the most recent market dip in May 2012, Darwin has enjoyed whopping value growth of 20.4%, second only to Sydney at 24.9%.
Despite such a large increase in property value, sales growth has been a very tepid 1.5%. Darwin was also one of only two capital cities to record an increase in the average number of days properties are on market, jumping from 58 to 69 days.
In the city, 16.5% of houses and 15.5% of apartments were sold above their advertised prices, with Milner, Fannie Bay and Moil the top three performing suburbs for houses and Karama, Bakewell and Stuart Park the top three suburbs for units.
Here are Darwin’s Top 10 suburbs that sold above and below the advertised price last financial year.
Top Ten Suburbs Selling Above List Price – Houses:
Top Ten Suburbs Selling Above List Price – Units:
Top Ten Suburbs Selling Below List Price – Houses:
Top Ten Suburbs Selling Below List Price – Units:
Want more information? Download the full Property Discounting Report for free.
Are you looking to buy in Darwin? What suburb/s do you have your eye on?
Find out which suburbs are selling above or below the advertised price in Adelaide, Canberra, Sydney, Melbourne, Hobart, Brisbane, and Perth. And check out our Australian Property Pricing Report Infographic.
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