Top End property luring investors and locals alike
High rental yields and rising home values are attracting property investors to the Northern Territory.
Rents are on the rise in Darwin, and with an increasing median house price the NT city is piquing the interest of investors. Photo: Shutterstock
The Northern Territory is often seen as the canary in the coalmine when it comes to Australia’s economy.
The NT’s 245,000 people comprise just one per cent of the national population, but the territory’s economic reliance on natural resources, agriculture, and large public sector is a microcosm of Australia’s.
Darwin’s fortunes over the past six months are showing a remarkable resemblance to trends now emerging in the major capital cities like…
