The Darwin property market has gone from strength to strength over the past decade making it one of the most rapidly developing markets in Australia.
Being an established real estate agency in Darwin, we see first-hand the type of investor and buyer behaviour that fuels the region’s market.
While there are quite significant quarterly differences, according to the latest Herron Todd White report, the Darwin market seems to have stabilised.
The report notes that while some think Darwin has had its growth spurt, the city should still be considered a good investment option due to its close proximity to Asia and persisting opportunities from the resources sector.
Not only will these qualities benefit Darwin, but Australia as a whole. The recently released Green Paper on Developing Northern Australia outlines that Darwin is set to play a larger role in boosting Australia’s economy in coming years.
The Minister for Infrastructure and Transport Warren Truss says “Darwin is shaping as Australia’s gateway to Asia – one of the fastest growing regions in the world, which will soon be home to half of the world’s middle-class by 2020”.
55% (or $121 billion) of Australia's exports are shipped from the northern ports and according to the Bureau of Infrastructure, Transport and Regional Economics, the value of exports through Darwin's port has increased with an average annual growth rate of more than 12% a year over the five years to 2012–13.
Booming trade as well as having one of the lowest unemployment rates in the country make a strong case for Darwin.
It is also reported that investment activity is set to increase by 7% in 2014-2015 – why wouldn’t you invest with such great positive growth in store for the region?
If you are considering buying or selling in Darwin in the near future, talk to the professionals who have over 65 years’ combined experience in the Darwin market.
Give us a call today on (08) 8932 8858 to talk about your next step in the market, we would love to hear from you.
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