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ABC News has done an interesting report on Darwin’s property crash, which has wiped $1 billion off the Territory’s property market since 2014, equating to a 53% drop:
Recent figures from the NT Real Estate Institute show Darwin’s house prices are now the lowest they have been since 2009, with the median house price slipping to below $500,000 this month.
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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.