Darwin outpaces Perth as one of the final frontiers for capital growth
Darwin now ranks as Australia's standout property market, with surging prices, record rental growth and some of the nation's fastest-selling suburbs.
Darwin offers lifestyle appeal but is also a drawcard for interstate property investors. (Image source: Wirestock Creators/Shutterstock.com)
Having spent a decade in the doldrums — with prices in May last year lower than ten years earlier — the Darwin property market has shot the lights out.
Over the past quarter home prices in city soared 5 per cent, which was more than double Perth, the next best performer at 2 per cent, taking price growth to a stellar 19.8 per cent for the year, according to Cotality.
The market boom at the top end appears to be slowly drawing to a close, accord…
