Darwin’s housing market is once again heating up after experiencing very soft conditions over 2011. Between when the Darwin housing market peaked and April 2012, Darwin values were down a significant 13.5%, providing an affordability boost to the market and letting rents catch up to be balanced with home values according to Tim Lawless, research director with RP Data. “The
Darwin unit market is likely to come under increasing pressure as the resources sector and large infrastructure projects drive jobs growth. We have already seen an improvement in local housing market conditions which suggest buyers, particularly investors, are starting to once again view Darwin in a positive light.”
One suburb stood out to benefit from shortage of supply and rising demand: Rosebery, which is located 27km from Darwin. The suburb’s affordability and desirability for both renters and owner-occupiers makes it a stand-out near-to medium term performer.
