Darwin boom presses on as investors chase nation’s highest yields
Low supply, soaring rents and a wave of interstate investors are fuelling one of Australia’s fastest-growing property markets, with momentum tipped to continue.
High yields and low supply are drawing investors north, fuelling Darwin’s rapid property price growth. (Image source: Wirestock Creators/Shutterstock.com)
The Darwin property market is surging as southern investors chase the nation’s strongest yields — and the party is set to continue amid surging rents and low supply.
One year ago, Australian Property Investor Magazine flagged the Darwin market
was on the cusp of a surge, with prices lower than a decade earlier.Over the past 12 months, the market has grown almost 20 per cent, with southern buyers chasing dream yields at the end of The Ghan.
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