Darwin luxury house prices grew by 18.3 percent between 2014 and 2023 , the smallest growth rate of any major city . This is because , for the first half of the last decade , luxury house prices in Darwin fell steadily at an average rate of 3.2 per cent per year before bouncing back to end the latter half just past the $ 1 million mark . Median house price growth between 2014 and 2023 was even smaller at just 4.7 per cent .
D A R W I N
DARWIN HOUSE PRICES OVER THE PAST 10 YEARS
$ 1M
LUXURY
$ 900K
$ 800K
$ 700K
$ 600K
MEDIAN
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$
500K
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$
400K
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$
300K
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$
200K
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$
100K
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0 |
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2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Source : Neoval |
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Darwin unit prices were the only ones that fell between 2014 and 2023 . Darwin luxury unit prices dropped by 0.6 per cent from $ 728,000 in 2014 to $ 724,000 in 2023 , while median unit prices dropped 11.8 per cent from $ 440,000 to $ 388,000 . Darwin now has the lowest house and unit prices among major cities .
DARWIN UNIT PRICES OVER THE PAST 10 YEARS
$ 700K
LUXURY
$ 600K
$ 500K
$ 400K
MEDIAN
$ 300K
$ 200K
$ 100K
0
Source : Neoval
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
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