We’ve just received the latest Real Estate Local Market (RELM) report for the June quarter 2014 and we want to share two impressive highlights with you.
For the first time in RELM history, units are outselling houses at 53 percent to 47 percent! This could be partly due to a growing desire for inner city living and partly due to the continuing under supply in the detached house market.
As an agency, we’re seeing a trend in buyers looking for compact yet functional apartments or townhouses within walking distance to amenities like shops and transport and close to schools and shopping centres.
Key figures for Darwin June quarter 2014:
Palmerston recorded a very healthy 20 per cent jump in sales from the previous quarter!
After taking a big hit on sales volumes for both houses and units last quarter, the Palmerston market has rebounded to be the stand out performer in the Top End this quarter.
Key figures for Palmerston June quarter 2014:
If you are considering buying or selling in Darwin or Palmerston 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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