Darwin

Lewis Valuations + Advisory provide services within the Darwin and greater NT region for commercial, residential and specialised property types.

Key assignments completed by the senior valuation team include:
– Katherine Hotel and Motel
– Northern Territory Government office rental determination and valuation
– Darwin Airport
– Solar Farm located in Batchelor

While Darwin rental prices have been steadily increasing, the NT capital remains the cheapest place to buy in the country.
Median home prices are sitting at just under $500,000.
The NT’s peak real estate body says the territory needs more affordable housing to drive up demand.

In the September quarter 2024:
Darwin had the lowest median house price of the capital cities at $561,000
the eight capital city weighted average median house price was $1,050,370, an increase of 0.2% in the quarter and increase of 6.2% over the year
Darwin median unit price ($373,000) was the lowest of the capital cities
the eight capital city weighted average median unit price was $686,459, an increase of 0.9% in the quarter and an increase of 5.5% over the year
Darwin had the second highest median weekly house rent ($646) and the third lowest median unit rent ($503) of all capital cities.
Darwin recorded the highest vacancy rate of all capital cities at 4.2%
Darwin’s vacancy rate is susceptible to fluctuations due to the transient nature of the NT’s population.