Not only does the nature of the city already put Darwin in a league of its own for investment prospects, but Christopher also points out that a significant overhand of property stock remains currently listed over 180 days old and represent 65% of the market. This is not a city for the novice investor and really just ranks above a mining town in terms of risk versus reward." This is not a city for the novice investor."Īccording to Louis Christopher, author of SQM's latest report, "Darwin is a boom-bust economy, which makes for a boom and bust housing market. "Darwin is a boom-bust economy, which makes for a boom and bust housing market. The latter of which have begun leaving the state since the end of several mining projects that were situated close to Darwin. Another big factor is the transient population, consisting of tourists, expats and workers from the mining industry. The city experiences huge seasonal variety - as residents know too well, with a tropical climate comes tropical weather.
Often doing away with national housing market trends, Darwin exists in its own bubble. Investing in Darwin has always come with its own set of risks and rewards - simply put, the city plays by its own rules. Darwin is simply a postcard-perfect city, offering tropical beachside living, as well as a gateway to Kakadu National Park. It's wild at heart but offers all the amenities of capital city living. Darwin - it's the crown of the Top-End and about as North as you can go while still having access to a good coffee.
0 kommentar(er)
