Dec 05, 2019
While Darwin recorded a slightly stronger performance than Perth, it remains a struggling market as affordability goes down
No massive turnaround is being predicted for the Top End any time soon, as the market buckles under a weak economy
The weakest market in the nation is expected to start to stabilise, with the promise of growth on the horizon
First home buyers amp up activity in Darwin as affordability improves, while low-priced regional areas see value increases
Though Darwin property values were still down in the first quarter of 2019, tightening vacancies bring hope
The Top End is showing signs of stability, and there is growing interest in the market – but it still faces many hurdles