Darwin property luring investors with prices last seen a decade ago
The Darwin property market was the strongest performer among all the capitals last month, rental yields are high, and investors are clearly now paying attention.
Darwin's rental yields are far higher than the larger capital cities. (Image source: Shutterstock.com)
After a decade in the doldrums the Darwin property market is dusting off the cobwebs, and with 2015-level prices on offer, astute southern investors are homing in on the Top End.
Despite growing 28.1 per cent over the past five years, Darwin dwelling values remain 0.5 per cent below a decade earlier, and down 2.7 per cent down on their May 2014 peak, according to Cotality (formerly CoreLogic) data released on 1 May.
The median dwelling value …
