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Japanese resources giant Inpex has made the long-awaited announcement that its $33bn Ichthys gas project will go ahead, fuelling speculation that Darwin’s property market is set to take off.
Sydney and Perth will be the property market’s standard bearers this year, with investors and first home buyers pushing up each city’s real estate values by up to 5%, it has been claimed.
As property investors take stock of the New Year and the opportunities on offer, the possibility of financial institutions relaxing their lending rules in the year ahead remains unlikely.