The property at 28 Galbraith Rd, Virginia, is for sale as the Darwin property market heats up. Picture: Supplied
The Darwin property market is predicted to boom next year and outperform the national residential real estate market, according to a new SQM Research report.
The Christopher’s Housing Boom and Bust Report 2025 forecasted national dwelling prices would increase between 1 and 3 per cent next year while Darwin home prices could jump by as much as 8 per cent.
The report considered a number of factors when predicting the performance of Australia’s housing markets in 2025, including population growth, unemployment rates, economy, listing numbers and vacancy rates.
Louis Christopher, SQM Research managing director said in Darwin, things were looking good for the property market but he cautioned there were negatives, such as media reports of spiking crime rates.
“And I suspect the incessant heat isn’t for everyone,” he said.
“But …