The difference between market conditions in Perth and Darwin can be explained by the type of resources they export . Perth ’ s dependency on iron ore resulted in weaker conditions when that commodity ’ s price dropped late last year . Meanwhile , Darwin ’ s main export is natural gas which continues to see a global shortage . This high demand situation is flowing through to employment , higher levels of wealth and by extension , house prices .
What ’ s the outlook for Darwin ? It does seem likely that the 2014 peak will be hit in the coming months . Demand for natural gas remains high and Darwin is less sensitive to interest rate talk . Also positive is the high rental growth being experienced in Darwin . With international borders reopening , rental growth is assured .
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