Australia’s booming housing market has contributed to an increase in Darwin’s median unit price of $400,000 and median house price of $592,500. The NT property market is on its way up, and there is some amazing property for sale in and around Darwin. Now is a good time to buy, thanks to growing demand and excellent returns, whether you want a family home or an investment for the future.
Let’s look at the key steps to buying property in Darwin.
1. Evaluate Your Goals
Before buying property in Darwin, it’s best to sit down and think about your short and long-term goals. What is your motivation for buying? Do you want a place to raise a family, or somewhere near the city centre that you can rent out? Whatever your answer may be, it’s important to find the right property for sale Darwin that’s within your budget and brings you closer to these goals.
2. Explore Property Buying Options
With high demand in the Darwin housing market, it helps to know all the different types of purchases, and which one works best for you. When looking at houses or units for sale in Darwin, you’ll likely come across private treaty, auction, and off the plan listings, so consider your timeline for buying and moving in and how much wiggle room you have in the budget.
3. Secure Financing
Make sure to speak to your bank or mortgage lender about buying property in the Darwin area, be it a suburban property or a rural property, as it’s much easier to take your property search seriously when your finances are in order. If it’s your first time looking at houses or units for sale in the Darwin and surrounding areas, consider the First Home Owners Grant and other ways to make your dreams of owning property a reality.
4. See What’s Available
Finally, it’s important to actually look at available properties for inspiration. Speak to your local real estate agent who knows the area and can show you some of the best houses or units for sale Darwin. You won’t know what’s out there if you don’t look, so feel free to explore and be open to new possibilities.
Contact Darwin’s Best Real Estate Agents
Ready to find the perfect property for sale Darwin or the rural area? Elaine Mills Property Management has decades of experience and would be happy to help with your property buying journey.
Contact our team about buying property in Darwin today.