Arabic version: سوق الإسكان في داروين يشهد نمواً على الرغم من الانخفاض الوطني

Darwin was the only Australian capital to record a rise in home prices during June, according to PropTrack. The city experienced a modest increase of 0.2%, contrasting with a broader national trend of declining property values.

According to SBS News, while most Australian capitals saw price drops, Darwin has maintained its position as a strong performer, being the second-best capital over the past year, behind only Perth.

The national housing market has faced challenges, with home prices falling for the third consecutive month in June, dipping by 0.3%. Capital cities led this decline, with Sydney and Perth each down by 0.5%, while Melbourne and Canberra saw declines of 0.4%.

Experts attribute Darwin’s resilience to its affordability, which continues to attract investors seeking positive rental yields. The recent changes in tax policy, including limitations on negative gearing, are expected to impact investor demand moving forward.

Despite the cooling market, homeowners across Australia are still benefiting from significant property gains accumulated over the years. A report indicated that 96% of dwelling resales in the March quarter recorded a nominal profit, reflecting the lasting effects of previous price growth.