Rural, regional and city at the top of the market
THE Northern Territory property market is making a slow recovery but improving nonetheless according to new property data.
CoreLogic’s Property Pulse showed Humpty Doo, Gillen and Darwin City were the top selling areas in the Northern Territory from February 2018 to February 2019.
Humpty Doo grew from 40 sales to 67 in the year, Gillen rose from 77 to 99 while Darwin slipped from 111 to 93 sales.
Elders residential sales agent Ross Tsounias said Humpty Doo’s land sizes, with many properties more than 1 hectare, was the area’s biggest drawcard.
“People are finding the land is more valuable these days,” he said.
“Especially living in Darwin. Humpty Doo is less than an hour away and with land size like that and in such a green area, it’s very attractive to people.
“Whereas in southern states people have to drive three or four hours to get to an area like Humpty Doo which looks like paradise.”
Mr Tsounias said established families were drawn to Humpty Doo and people with a fondness for the outdoors.
“Again it’s become a trend for people that are very into fishing and hunting enthusiasts to have properties out there,” he said.
“They can store their boats and bikes and have extras.”
The regional residential market is thriving and First National Real Estate Framptons sales consultant Toni Rowan said it was no surprise Gillen in Alice Springs performed well.
“Gillen provides everything a new, young family could ever want starting in life,” she said.
“It’s very central, close to the heart of Alice. It’s got great facilities, schools, shops and parks … We’ve got a lot of new Australians in Alice, with Indian buyers and Sudanese people and they love it.
“It’s a friendly little community with very affordable housing, a good step into the market. Plus, every street in Gillen has a view of the (West MacDonnell) Ranges.”
Despite Darwin City’s decline from 2018 to 2019, Pacific Property Darwin principal Nick Scaturchio said there was still a strong attraction to properties in the CBD.
“People are seeing value in the CBD market,” he said.
“It’s in proximity to work, value for money, convenience to restaurants, cafes and bars.
“As long as it represents good value, absolutely people will continue to buy there.”