“Hit a excessive”: The Darwin progress stars of 2022 revealed

Information Corp Australia Community

The Darwin property market completed off 2022 with home values up 7.5 per cent for the 12 months.

In line with the most recent REA information, the median home value within the Darwin area was $645,000.

That’s up 29 per cent from three years in the past however the identical as three months in the past.

The info confirmed Berrimah was the highest performer the place the common home value almost doubled within the 12 months to December to take a seat at $800,000.

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14 Reuben Avenue, Northcrest, Berrimah, just lately offered for $860,000

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Native agent Susie Patton-Quinn of Actual Property Central mentioned whereas the info that positioned Berrimah on the high was correct, it was considerably skewed.

“The brand new Northcrest subdivision in Berrimah and new home gross sales can be the explanation behind that (leap in median home value),” she mentioned.

Coming in second was Humpty Doo, the place the median home worth rose 81.1 per cent to $575,000, adopted by Berry Springs, up 45.8 per cent to $615,000.

160 Mulgara Highway, Berry Springs, offered for $950,000 in October

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Rounding out the highest 5 have been Virgina, up 39.3 per cent to $780,000 and Nightcliff, up 26.6 per cent to $1 million.

Ms Patton-Quinn mentioned the Darwin market hit a excessive within the 2021/2022 monetary 12 months with sturdy curiosity in rural blocks and the northern suburbs driving up costs.

“Individuals wished to get in and folks wished to promote as a result of the market was that good,” she mentioned.

“I used to be getting plenty of inquiries from interstate patrons, individuals from Queensland and Victoria transferring up this manner, wanting the bigger rural blocks.

“I offered 56 Saxby Rd, Virginia (for $840,000) in a really quick time on market, about two to a few weeks.

“And I’m nonetheless getting fairly a couple of telephone calls from interstate individuals eager to relocate to Darwin and so they need that rural house.”

76 Morgan Highway, Virginia, offered for $1.2m in November

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Ms Patton-Quinn mentioned Nightcliff attracted patrons wanting the prime location and massive suburban blocks.

“It has such a great group really feel, the foreshore and the life-style – fairly a couple of individuals have been drawn to it,” she mentioned.

Ms Patton-Quinn mentioned the Darwin property market slowed in direction of the tip of 2022 however curiosity remained.

“Good inventory within the northern suburbs and rural space will nonetheless transfer alongside fairly nicely,” she mentioned.

“For individuals who have gotten the cash, there’s nonetheless good shopping for.”

33 Grevillea Circuit, Nightcliff, just lately offered for $1.15m

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