Darwin Municipality, NT

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 by around 73%. This growth rate is higher than any other Australian city. Therefore, demand for housing is high.

Business is booming in Darwin. The city has developed into a major trading center and there is a lot of construction going on. The population growth is helping attract high-quality employers such as mining companies. Home prices are up. You can see this by looking at the Darwin Property Price Index (DPPI). This however shows that homes in Darwin are becoming increasingly unaffordable to locals.

Most of the rental price is concentrated on one-bedroom and studio apartments. How about the housing market? Tighter regulations led to higher price, but also greater investor demand and an increase in demand for properties that need investment capital. Some buyers preferred the more expensive homes at the top of the market.

Darwin is a very affordable place to live in. The cost of living in Darwin is one of the lowest in the world. To compare, you can rent a one-bedroom apartment in Darwin for around A$400 per week. On the other hand, prices are still lower than what you would expect in major cities such as Sydney and Melbourne. As more people move to Darwin, the demand for property in Darwin will increase. As the city has more space, it will become more expensive for potential homeowners.

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 help 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.

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Capital Growth Heatmap

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

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

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.

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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