Darwin Market Data

	Darwin is the capital city of the Northern Territory. Situated on the Timor Sea, Darwin has a population of 120,900, making it by far the largest and most populated city in the sparsely populated Northern Territory, but the least populous of all Australia's capital cities.

Market Update – March quarter 2009*

Darwin	Mar quarter median	% change Dec 08 – Mar 09	% change Mar 08 – Mar 09
House Price	$455,000	+5.3	+8.3
House Rent (3 b/r)	$530 pw	+1.9	+8.2
Unit Price	$384,500	+3.3	+19.2
Unit Rent (2 b/r)	$380 pw	+5.6	+1.3
Vacancy rate	1.8	+0.2	-023

* This is the most up to date available - property data is released 3 months after the end of each quarter.
Source: Real Estate Institute of Australia

Comment:

Darwin has been leading the way in terms of capital growth over the past 12 months, particularly in the unit market where it has the highest median unit price in the country. Rents are also amongst the highest in the country, providing a reasonable rental yield (mostly for houses). Darwin has a relatively small population and is not a market we would recommend for investment.

Detailed Market Information:

For more detailed property market information click here, or contact Quartile
on (02) 9499 4999 or download the latest Sydney Residential Property Market Report.

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