Less choice for Darwin homebuyers [Video]

The Darwin property market has tightened, with buyers faced with a 13 per cent drop in stock levels compared to a year ago.

The latest PropTrack Listings Report showed the number of new properties coming to market in Darwin dropped 7.6 per cent in September and 18 per cent in the past 12 months.

Total listing numbers in Darwin were down 6.8 per cent month-on-month and 13.4 per cent year-on-year.

PropTrack director of economic research, Cameron Kusher, said this was the greatest annual drop in choice of all capital cities.

In regional Northern Territory, new listing numbers plummeted by 22.1 per cent last month and 39.8 per cent compared to September 2023.

Total listings in regional NT fell 0.9 per cent month-on-month but lifted 10.4 per cent year-on-year, a sign properties are sitting …