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Housing approvals up in the top end

Australian Bureau of Statistics (ABS) figures for June 2016 reveal a 4.2 per cent increase in new dwelling approvals in the Northern Territory. The same set of figures indicate that new home building approvals fell in most other Australian states, with a 2.9 per cent decline occurring nationally. While this slight increase in approvals in the terri...
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Support for first-time homebuyers at the top end

The Northern Territory Government has announced its budget will include a stamp duty concession for first-time homebuyers seeking to purchase existing property. The 2016 budget delivers a 50 per cent stamp duty discount for first homebuyers of established homes valued up to $450,000 and capped at $10,000 thereafter. The concession will apply from M...
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Understanding the growth wave in Darwin and Hobart

Understanding how capital growth moves through the Darwin and Hobart markets lets buyers stay a step ahead of the gain wave. By Kieran Clair @kieranclair We’re used to talking about capital-growth waves running through big city markets, but steady increases in property values occur in our less populated centres, too. While these capitals aren’t on ...
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Staying ahead of gains in Darwin and Hobart

By KIERAN CLAIR Understanding how capital growth moves through the Darwin and Hobart markets lets buyers stay a step ahead of the gain wave. We’re used to talking about capital-growth waves running through big city markets, but steady increases in property values occur in our less populated centres, too. While these capitals aren’t on most investme...
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Focus on the fundamentals, not the name

By SIMON PRESSLEY For the 15-year period ending December 2014, the average annual change in median house values in this location was 6.5 per cent and, when combined with median yields of 6.4 per cent, the total return gives this location a ranking that puts it among Australia’s top 40 per cent (209th out of 550 local government jurisdictions). In f...
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Darwin plan moves into its second stage

The completion of Darwin’s Inner Suburbs Draft Area Plan signals the next step of the city’s revitalisation. After two months of consultation and studies, the Northern Territory Planning Commission is launching Stage Two of the planning project. The draft, which is now available for stakeholder discussion, includes proposed future land uses for res...
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Green light for NT granny flats

Northern Territorians will soon be able to build an independent unit, commonly known as a granny flat, on their single dwelling (SD) block with fewer restrictions under changes introduced by the Northern Territory Government. The changes will allow the occupant of an independent unit to be someone other than a dependent of a resident from the prima...
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