Market Report: NT real estate update, September 2018

SEPTEMBER 28, 2018

With the halfway mark for 2018 now well behind us, Glenn Grantham, General Manager, Raine & Horne Darwin said the rebounding Darwin real estate market augers well for the remainder of 2018 and the start of 2019.

“In the third week of July, our enquiries were up 35% compared to the third week of June,” Glenn commented. “We believe that now that we’ve passed into a new financial year, some people are looking around for their next property play. The news and commentary that the Darwin market has hit the bottom of the cycle is starting to filter through. 

“Consequently, we are seeing more committed buyers as we are getting more requests for private inspections rather than rubbernecking. There are higher volumes of people wandering around and they are serious.”