Darwin has been Australia’s best performing capital city over the five years with an average change in median values of 7.24%. Demand for additional accommodation has come from major projects such as the Icthys LNG plant, a marine supply base, and correctional facility.
To address its very expensive housing the NT government has an accelerated land release strategy and housing supply is likely to work against the property investor grain. While its geography will lend itself to Asian-related projects a big segment of Darwin’s population is transient and I have concerns for the sustainability of Darwin’s property market.
