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Steady property prices are luring first homebuyers and investors to Darwin’s established home market while unit development in the region continues to lag, according to a new market analysis.
Valuers are reporting high demand for fully revamped homes across most markets, with buyers paying a premium to avoid upgrade work altogether.
Rising demand and a shortfall in new apartments are a boon for property investors who can pass on the cost of interest rate rises.
A number of Victorian locales are showing no signs of slowing down over the coming year, with prices projected to continue growing in a number of suburbs and towns.