Are Darwin real estate prices falling?

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Are Darwin real estate prices falling?

Yes
34
54%
No
29
46%
 
Total votes: 63

nomad
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Re: Are Darwin real estate prices falling?

Post by nomad » Wed Jul 13, 2016 4:09 pm

http://www.yourinvestmentpropertymag.co ... 18320.aspx


According to the Domain House Price Report, house prices saw a significant decline of 4.9% in
March quarter 2016, sustaining a trend that began last year. While the drop in unit prices was gentler, they were not spared as unit prices dipped by 4.1%.

In fact, Darwin reported the poorest performance out of all the Australian capitals, with house and unit prices decreasing by 3.3% and 8.3%, respectively, over the previous year.

Gee who would hve thought that a small country town that relied on mining would be effected by the downturn????



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