Darwin real estate in “freefall”

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By Leith van Onselen

From The ABC comes fresh reports that Darwin’s real estate market is in “freefall”, with owners removing listings in wait of better times:

Darwin locals trying to sell their properties are feeling the pinch of a depressed housing market as the volume of sales reaches an all-time low.
Some have been forced to leave the market altogether.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.