D A R W I N
If we consider just 2023 , Darwin was one of the few major cities where luxury house price growth at 8.6 per cent surpassed median house price growth at 8.2 per cent . Luxury unit price on the other hand only grew 5.2 per cent from 2022 , while median unit price grew 7.5 per cent from 2022 . Importantly , Darwin ’ s price growth in 2022 was greater than the national average .
PER CENT PRICE GROWTH FROM 20222 TO 2023 - HOUSE VS UNIT
House
Unit
8.24 8.57
7.46
Median
5.2
Luxury
Source : Neoval
Besides having the lowest prices , Darwin also has the lowest number of luxury transactions among major cities . In 2023 , it sold only five houses worth more than $ 3 million and only eight units worth more than $ 1 million . Because numbers are so low , percentage changes look very significant .
COUNT OF LUXURY TRANSACTIONS HOUSE VS UNIT
8
UNIT
7 6 5
HOUSE
4 |
|
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Source : Ray White
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