Darwin is the capital of the Northern Territory and a crucial gateway between Australia and Asia. With a 2.3% GDP growth rate, it is one of the fastest-growing cities in the country.

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Due to its location and large protected harbor, Darwin is an important port in Australia
The mining industry and tourism are the cornerstones of the local economy
The real estate market often fluctuates, leading to rapid appreciation and drop in prices
As a result of the increasing population, the market is now facing housing shortage
With the lack of inventory and high demand, the prices are predicted to go up in the near future
The median house price in Darwin is $454,600, making it more affordable than most Australian cities
With many attractions and a beautiful waterfront, Darwin is a major tourism spot
The city has a healthy demand for short-term rentals, benefitting from a large number of overnight visitors
Apartments in central Darwin rent for $915 to $1,910/month and for $710 to $1,210/month on average in the outskirts

Darwin City – The city center and the main commercial area. The housing stock includes apartments, that work well as short-term rentals for tourists

Stuart Park – A residential area with an excellent location. The property market is relatively affordable, consisting primarily of single-family detached homes
Nightcliff – A sought-after neighborhood located along the seashore. With the median unit price standing at $335,000, this area has fairly accessible prices

Predicted to rebound
and become a profitable long-term investment
real estate in Darwin is a BUY

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