Australia Darwin
Housing Market
Overview November

The NT economy and residential market continue to experience a severe downturn. Nevertheless, a gradual improvement is expected over the medium-term.

November 29, 2019

Darwin's residential market has been soft for some time now, following the closure of several resource projects. Nevertheless, increased government spending in the form of incentives is expected to slow the pace of outward migration, while changes to migration policy will favour the region and stimulate housing demand across the medium-term.

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