Less choice for Darwin homebuyers [Video]

New property listings have dropped year-on-year in Darwin. Picture: Che Chorley

Darwin homebuyers are faced with fewer options than a year ago as the latest data shows the number of properties for sale in the NT capital dipped year-on-year.

The latest PropTrack Listings Report showed the number of new Darwin listings on realestate.com.au increased 10.5 per cent in October but were down 12.6 per cent compared to 12 months ago.

PropTrack Director of Economic Research, Cameron Kusher said Darwin was the only market nationally to see a drop in new listings year-on-year

“Overall stock remained below October 2023 levels, as total listings fell by 0.9 per cent in October to sit 17 per cent lower than a year earlier,” he said.

Regional NT recorded a surge in new listings, up 57.4% month-on-month.

“This is the highest monthly growth of any capital or regional market in October,” Mr Kusher said.

“The …