Darwin Housing Market Overview

Home values in Darwin surged earlier than most other capital cities in the current growth phase.

In this, the seventh part of an 8 part series from Core Logic’s Quarterly Review of the Australian Residential Property Market and Economy we look at the Darwin Housing Market.

Since values reached their low point they have increased significantly however, the rate of value growth has moderated to a pace well below its previous peak.

Darwin - first graph

Values

  • -1.7% over the quarter
  • +5.0% past 12 months
  • +1.6%pa last five years
  • +8.0%pa last ten years
  • +7.5%pa last 15 years
  • -6.0% lower than previous peak
  • +18.4% over the current growth phase

Annual sales volumes

  • 3,200 over year to August 2014
  • +3.6% over the year
  • Sales down from a recent peak of 3,203 in July 2014.

Rents

  • -0.9% quarter
  • -0.1% over the year
  • +3.9%pa last five years

Yields

  • No change over the quarter
  • -0.3 percentage points over the year

Selling time

  • -13 days over the quarter
  • +3 days over the year

Vendor discounting

  •  -0.2 percentage points over the quarter
  • -0.3 percentage points over the year

DARWIN second graphs

 

 

Read Part 1: Sydney Housing Market overview here

Read Part 2: Melbourne Housing Market here

Read Part 3: Brisbane Housing Market here

Read Part 4: Adelaide Housing Market here

Read Part 5: Perth Housing Market here

Read Part 6: Hobart Housing Market here



Want more of this type of information?


Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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