Darwin Property Investment 2020
Darwin property market remains near the lower end of the Australian capital city property investment levels, with housing values continuing to drop as the city’s economic and real estate growth opportunities remain poor.
Economic conditions in Darwin have progressively deteriorated for a few years, and now, for possibly the first time ever, the population is actually in decline. It will continue to be a poor time to invest in Darwin until sustainable economic development initiatives are put in place.
Investors reign in Darwin market
According to the latest Herron Todd White report, Darwin’s market might be good for seasoned investors but is proving problematic for the first home owners.
Not surprisingly, affordability is the key issue. With Darwin being one of the highest-priced property markets in the country, first home owners are simply being priced out of the market. Meanwhile, continued low interest rates and the strong rental market are drawing in investors.
The report states that investors have been particularly active in the inner Darwin market. Up to 70% of some of the CBD developments underway have been sold off the plan to investors.
National Investment Planning provides investment property selection and guidance for investors in the Darwin property market.
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