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Darwin Municipality, NT

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Darwin is a thriving city with a booming real estate market. More and more people are moving to Darwin to take advantage of the business opportunities and lifestyle. Here is what real estate investors need to know before they look at the price and rent data.

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Darwin’s population growth is impressive. In the last 20 years, the population has increased significantly. This growth rate is higher than in many other Australian cities. Therefore, demand for housing is high.

Business is booming in Darwin. The city has developed into a major trading centre and there is a lot of construction going on. The population growth is helping attract high-quality employers such as mining companies. House prices are up. This, however, shows that homes in Darwin are becoming increasingly unaffordable to locals.

Most of the rental demand is concentrated on one-bedroom and studio apartments. Tighter regulations, but also greater investor demand, have contributed to recent price increase. Interestingly, some buyers preferred the more expensive homes at the top of the market.

Darwin is also a very affordable place to live in. The cost of living in Darwin is one of the lowest in the country. To compare, you can rent a one-bedroom apartment in Darwin for around A$270 per week. As such, prices are still lower than what you would expect in other major cities such as Sydney and Melbourne. As more people move to Darwin, the demand for property in Darwin will increase which will make it less affordable for future homebuyers.

Currently, however, Darwin properties are priced competitively in comparison to the rest of the country. The great thing about property in Darwin is that it is inexpensive to build, with low-cost construction loans available to assist new owners.

Due to increasing population and rising wages, more people are interested in living in Darwin. The city is currently among the top 10 in the region for rent prices and the average price per square metre (SWM) has increased annually in the last 5 years.

Discover the best suburbs to invest in Darwin with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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Rent 

2BR

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Yield 

2BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

More about Darwin Municipality, NT

What LGAs neighbour Darwin Municipality, NT?

Darwin Municipality, NT is surrounded by 2 other LGAs – NORTHERN TERRITORY RATES ACT and LITCHFIELD MUNICIPALITY.

How many people live in Darwin Municipality, NT?

It is estimated that Resident Population for City of Darwin LGA is approximately 82,000. The population density in this Australian city is about 7 people per hectare.

What is the main industry in Darwin Municipality, NT?

Darwin is the major hub for a number of industries. It includes mining, offshore oil and gas production, pastoralism, tourism and tropical horticulture. Also, the Port of Darwin is the main outlet for Australia’s live cattle export trade into South East Asia.

What major retailers are there in Darwin Municipality, NT?

Shop unique clothing styles, colorful jewelry, and amazing accessories from some of Darwin’s leading retailers, such as Elevated, Frond, Viva La Body, Vintage Twist, Em Bella, and Me and My Llama.

What are the dominant demographic groups in Darwin Municipality, NT?

The study into the ancestry of the population in the City of Darwin LGA shows that the top five ancestries nominated are Australian (28.0%), English (26%), Irish (9.8%), Scottish (7.4%), Chinese (5.5%).

How is unemployment rate trending in Darwin Municipality, NT?

The unemployment rate in City of Darwin was 5.7% in the 2021 March quarter.

What are current and planned infrastructure projects in Darwin Municipality, NT?

City of Darwin invests a lot of money each year to enhance the quality of life for all residents by dedicating a percentage of funds towards community development. They accomplish this through things like capital works and projects that improve livability, sustainability, health, and safety. 

You can find out more about the city of Darwin current infrastructure projects on the Northern Territory Government website.

Suburbs/localities in this Local Government Area: Hidden Valley 0822, Holmes 0812, Anula 0812, Jingili 0810, Karama 0812, Larrakeyah 0820, Leanyer 0812, Lee Point 0810, Ludmilla 0820, Lyons 0810, Malak 0812, Marrara 0812, Millner 0810, Moil 0810, Muirhead 0810, Nakara 0810, Nightcliff 0810, Parap 0820, Rapid Creek 0810, Stuart Park 0820, Bayview 0820, The Gardens 0820, The Narrows 0820, Tiwi 0810, Wagaman 0810, Wanguri 0810, Winnellie 0820, Woolner 0820, Wulagi 0812, Alawa 0810, Berrimah 0828, Brinkin 0810, Buffalo Creek 0812, Casuarina 0810, Coconut Grove 0810, Coonawarra 0820, Darwin City 0800, East Point 0820, Eaton 0820, Fannie Bay 0820

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