Darwin Market Records Strong Growth | Kanebridge News
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Darwin Market Records Strong Growth

Sales volumes and median prices on the rise in the N.T

By Terry Christodoulou
Thu, Feb 18, 2021 12:35amGrey Clock < 1 min
The December quarter saw the Darwin property market enjoy a spike in sales volumes, up more than 20 per cent alongside rising median property prices.
A new report from the Real Estate Institute of the Northern Territory (REINT) detailed the state capital’s strong end to 2020, with ascendent median house and unit prices. 
According to the REINT’s ‘Real Estate Local Market (REALM) Report’, the median price of units outpaced that of housing, up 6.7 per cent against the 4.2 per cent rise in the median price of detached dwellings.  
Growth covered wider Darwin except for the north east. The current median house price in the city is now $500,000, with units at $320,000.
Elsewhere, Katherine saw a surging 73.7 per cent rise in sales volume, with Tennant Creek up 50 per cent and Alice Springs continuing its move along a robust growth corridor, up 36 per cent.

“While it is far from the peaks of 2014, this has been the most positive year in over half a decade and bodes well for continued growth into 2021,” said REINT chief executive Quentin Kilian.

Median rents also increased in the Greater Darwin Area by 6.9 per cent (houses) and 6.6 per cent (units), with rental yields strong for the investor set – house yields rising to 5.3 per cent and unit yields steady at 5.9 per cent.



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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.

1. Interiors beyond the primary palette 

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2 House of Joy

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3. Abigail Ahern Masterclass

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5. Home by the Sea 

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