Ray White Now | March 2023 | Page 24

Darwin
Prices back up despite rate rises
Darwin ’ s prices began to stabilise mid last year . By the en d of the year , they started picking up pace again . Unlike the east coast , Darwin ’ s prices are more dependent on what happens with the gas industry , mining and agriculture . All of these sectors have been strong over the past 12 months . That has driven people to Darwin , increasing rents dramatically . This demand has also flowed through the house prices .
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