Palmerston Real Estate in Palmerston, Northern Territory | Property

Palmerston Real Estate

Locality: Palmerston, Northern Territory

Address: Palmerston 0830 Palmerston, NT, Australia

Website: http://www.palmerstonrealestate.com

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25.01.2022 Rental growth has slowed in many capital cities, but it is getting even cheaper here! RENTS continued to grow at a glacial pace during April, but in three capital cities it went backwards. Melbourne, Perth and Darwin all experienced drops in median rents during April according to the latest CoreLogic RP Data rental review.... Nationally rents rose by a very minor 0.1 per cent in April, but that wasnt enough to help improve the yearly result, with rents down 0.2 per cent for the combined capital cities to $486 a week. In April rents in Canberra performed the best with an increase of 2.2 per cent. Darwin was the worst performer with its rent down 2.1 per cent. It was also the worst for the past 12 months with its rents down by 12.6 per cent, followed by Perth which was down 8.9 per cent. Sydney still recorded the highest weekly rent of $602 while Hobart had the cheapest at $346 a week. The latest results nationally for rental growth are the lowest level on record for CoreLogic RP Data. CoreLogic RP Data research analyst Cameron Kusher does not believe the situation will improve anytime soon. We anticipate that the weakness in the rental market will persist over the year and rents will continue to fall over the coming months, he said. Factors contributing to a slowing in rental growth include falling real wages, excess rental supply in certain areas and lower rates of population growth - all of which have impacted on demand for rental accommodation. He said renters were now in a strong position to negotiate as landlords would be reluctant to try and put rents up in the current environment as they may lose their tenants. Source: CoreLogic RP Data & NT News

24.01.2022 Sign The Petition NTG Removing Landlords Rights - SILLY PET LAWS On Tuesday 18 February 2020, the Northern Territory Government passed the RESIDENTIAL TENANCIES LEGISLATION AMENDMENT BILL but did not pay heed to the advice of your own Legislation Scrutiny Committee in rejecting amendments to Section 65 of the Act. Instead your Government chose to ignore the findings of the Committee and stakeholders and push through Sections 65A and 65B.... We call on the Gunner Government to honour the recommendations of the Legislation Scrutiny Committee and to immediately repeal Sections 65A and 65B from the Residential Tenancies Act and revert to the former wording. Your actions in pushing through this legislation are not, as you would promote, about pet ownership - they are about stripping control from landlords over their own properties. That is wholly unacceptable. This petition is signed by a broad church of concerned Northern Territory citizens. Citizens who are very concerned about how their rights and freedoms are being eroded by laws, introduced on ideological grounds. We demand you start behaving in a manner that benefits the people of the Northern Territory and repeal these nonsensical Sections of the Act without delay. https://www.change.org/p/the-hon-natasha-fyles-mla-ntg-remo

23.01.2022 WHERE DOES THIS STOP? Allowing these changes to go through unchallenged, landlords will lose a lot more rights in the next tranches of amendments. We know, from the Discussion Paper, and from activities in other States (that our Government seems to cut & paste from) that the next round will contain things like 'Minor Alterations' which would allow tenants to put pictures hooks, nails, wall plugs, dig gardens up, paint walls....and so on...at will and without seeking permissio...n to do so. There's 'No Cause Evictions', what the rest of the sane world knows as "the end of the lease", where the Government would love to push out the Landlord's notice period to something like 180 days ! And these are a just a few of the crazy ideas coming. If we/you do not fight these current legislative amendments then we give carte blanche approval to the Government to do as they please. #darwinrealestate #petclause #lanlordrights #ntgovernment #palmerstonrealestate #reint #realestateagency #realestateaustralia #realestatelifestyle #darwinnt #ipropertynt #topendrealestate #realestatent

23.01.2022 BUYERS MARKET: Darwin has been named the most affordable city to buy a unit in.. for the first time in 13 years - according to recent figures. But the REINT doesn't think it'll stay that way.. now that fracking is on the horizon?.... Video Source: 9 News Darwin

21.01.2022 DARWIN REAL ESTATE PRICE PLUNGE: Darwin rents plummets... And house sales at a all time low - so, what's behind the fall?

20.01.2022 New residential development for Berrimah Farm site to produce 2000 homes THE Northern Territory Government and property developer Halikos Group are banking on a recovery in Darwins flagging real estate market, with the announcement of a major new residential development. The two parties have signed a development agreement to turn the 168ha Berrimah Farm site into a new suburb with 2000 homes, two new primary schools, and a retail precinct.... Halikos Group managing director Shane Dignan said he expected increased defence spending to drive the NT economy over the 13-year life of the project, creating demand for the homes. The first release of 180 blocks is expected to go online within the next few years. No timeline for delivery is stipulated in the development contract. Mr Dignan said the blocks would be a range of sizes, with most around 500 square metres. He said the sites central location at the crossroads of the Darwin CBD, Palmerston, Casuarina and the airport made it attractive. The site is home to the Department of Primary Industries and Fisheries Berrimah Research Farm. The department will retain a presence in the area, including a 6.7ha parcel of land. The departments sentinel herd will be moved. Real Estate Institute of the Northern Territory chief executive officer Quentin Kilian said he believed there would be sufficient demand in the Top End to support the development. If you think about the size of the population which is comparatively quite small, it doesnt take too much sustained economic activity to drive the population up fairly quickly, he said. Mr Kilian said developers must not be frightened off investment because of a temporary downturn. We must continue to plan for the future. You cannot take a snapshot of the current situation and then base a decision to stop or drop off development on that, he said. No name has been determined for the new suburb but Chief Minister Adam Giles earlier this month said he wanted the next residential development to bear the name of Reg Hillier, the only Territorian to die in active service in the Vietnam War. Source: NT News

19.01.2022 A massive congratulations to all and their clients who have already signed the petition. The petition has over 7,900 signatures! But let's not stop yet.... REINT will close the petition on Wednesday 18 March. We then plan to present the petition to Parliament and challenge the Chief Minister to listen to the people of the Territory. It is very important that REINT present a strong voice in resistance to these changes now, because there are a lot more coming. If we allow these changes to go through unchallenged, then landlords will lose a lot more rights in the next tranches of amendments. We know, from the Discussion Paper, and from activities in other States (that our Government seems to cut & paste from) that the next round will contain things like 'Minor Alterations' which would allow tenants to put pictures hooks, nails, wall plugs, dig gardens up, paint walls....and so on...at will and without seeking permission to do so. There's 'No Cause Evictions', what the rest of the sane world knows as "the end of the lease", where the Government would love to push out the Landlord's notice period to something like 180 days ! And these are a just a few of the crazy ideas coming. If we do not fight these current legislative amendments then we give carte blanche approval to the Government to do as they please. PLEASE share m the link to all your clients and encourage them - strongly - to sign the petition. We must show the Government that the property owners of the Territory - NOT JUST Darwin, but all over the NT - have raised their voices (through this petition) and are angry about being treated this way. #darwinrealestate #petition #reint #landlords #investors #fairrights #sensiblerules #topend #ntgov

19.01.2022 Median house prices in Darwin as a whole have fallen nearly 12 per cent over the past three years, while Perth prices dropped 6.3 per cent, according to CoreLogic research. The falls were even larger in some suburbs such as Rosebery, NT, where house prices tumbled 17 per cent over the past three years. Momentum is a big influence on markets, Mr Sheppard was on record as saying.... He said low growth forecasts were common in a number of suburbs in Darwin and Perth, which meant investors would be better off looking further afield. Low growth Darwin suburbs were Rosebery, Farrar and Howard Springs, all in the wider Palmerston area. Property analyst Jeremy Sheppard explained that Sellorhold research took into account the ratio of supply to demand and recent price cycles. Areas with low demand for housing but a large supply of property stock were considered unfavourable for investors because there would be no pressure on prices to increase. Growth cycles also played a considerable part in determining whether an area was primed for further price increases recent price falls usually indicated values may continue falling for some time. #darwinrealestate #palmerstonrealestate

19.01.2022 COMMERCIAL confidence in the Darwin CBD has been given a huge boost with the $60 million sale of Jacana House the most energy efficient building in the Territory. Located on Woods St, the transaction was completed on Thursday with ownership transferring to Queensland property group, Sentinel. The building had been owned by Jamie Cooper, 53, who bought it off Gwelo, the original builders and developers for $58.5 million in 2011.... The sale this week beats that record, fetching a price of $60.75 million. It is Sentinels second acquisition in Darwin. In December last year, Sentinel paid $34 million for the CasCom Centre, a six-building business park property at Casuarina. Mr Cooper, who has also invested heavily in the development of the $100 million Darwin Corporate Park and the Berrimah Business Park on the Stuart Hwy said the sale was all about timing. I just want to do other things, he said. Ive got Darwin Corporate Park which is quite a substantial investment and I just want to complete the development of that going forward and really I didnt have the capital to do both. He said the sale had several benefits. They bring money in from out of the state and it also frees up my capital to go and reinvest in other areas as well. Sentinel managing director, Warren Ebert, said the company has identified Darwin as a strategic growth market and has now invested close to $100 million in commercial office assets in the region in the past six months. Jacana House is a high quality addition to the companys growing office portfolio given it is one of the top two commercial office buildings in Darwin and is fully leased to Federal Government and international tenants, he said. We strongly believe that now is the time to be investing in Darwin due to its solid fundamentals, geographic advantages, rising public and private investment, and rapidly evolving and diversified economy. Jacana House also has a 5.5 Green Star rating which puts it in the Australian excellence category. Source: NT News

18.01.2022 HIBERNATING inside at home is how many Territorians spend rainy days in the wet season, but according to a number of real estate professionals, there is no better time to get out and about. While many may be hanging out for the Dry Seasons perfect conditions to hit up open homes and on-site auctions, those checking out whats on the market now are finding there are many benefits to buying in the wet season. Aside from flourishing lawns and gardens, there are numerous reasons... why potential buyers choose to inspect properties during the months from November to April. Real Estate NTs George Pikos is a firm believer that the Wet is the perfect time to buy a home in the Top End. From a buyers point of view, its better to be buying in the pouring rain, particularly because you can see where the water goes, he said. Most importantly, you can see if the gutters work, if there are any mould spots on the ceilings if water is leaking through from the roof. You can also see the drainage systems in action, the lie of the land and where water flows on and off. Thats really the bottom line the best time to be buying is in the wet season. Acacia Realty licensed real estate agent Vicki Squires echoed Mr Pikos point of view and said shes noticed an increase of inquiries during the monsoonal periods of the year. People are requesting to see properties while they are wet as they want to see what the groundwater is like and whether access to driveways is affected, she explained. You can also see if theres water damage in structures and can see if water laps over verandas just all around youre able to get a better indication of how the property handles the deluges. John Smellin is one of many Territorians who have taken advantage of current market and weather conditions. The Darwin resident has been watching the market closely over the past two months for a retirement home and just recently secured a neat, two-bedroom, one-bathroom property in Leanyer. He said this particular Wet is great for those looking to enter the housing market, as there are lots of affordable homes on offer at the moment. Over the past few years Ive noticed the prices have decreased slightly over the wet season, plus I think sellers are more prepared to accept offers at this time of the year. SOURCE: REA

18.01.2022 Chief Minister unveils a range of new housing incentives. The Chief Minister has announced a range of stamp duty concessions for the Territory market. This package now gives the Territory the most generous home owner incentives in Australia. The Territory Labor Government is boosting incentives making them the most generous in this country to make it easier for people to own their dream home.... The Territory Home Owner Bonus will create local construction jobs, build our population and support home owners. Up to $50,601 for a first home owner building or buying a new home to live in, and up to $28,601 to buy an established home A generous construction grant between $20,000 - $30,000 for building a new NT home to live in (including Territorians who ALREADY own a home) A Territory Home Owner Discount - up to $18,601 stamp duty concession for people buying or building a new or established home to live in

17.01.2022 CoreLogic October home value indices: Australian housing values move into recovery mode. Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise. The lift in home values was broad based, with every capital city apart from Melbourne posting a rise in values over the month. "The Darwin Real Estate market has seen dwelling values increas...e over the last 2 months we are covid free says award winning agent Peter Kafkas CEO of iProperty NT Over the month dwelling values increased by more than 1% in each of the smallest four capital cities with Brisbane, Adelaide, Hobart and Canberra housing values reaching new record highs. Although values were lower across Melbourne through October, the trend rate of decline has been easing since mid-September. With a drop of 0.2%, this was the smallest month on month drop in values since the COVID-19 related downturn commenced in April. Since the announcement that private home inspections were once again permitted across Melbourne, new property listings have surged, clearance rates have lifted and buyer activity is recovering. Based on this recent trend in housing values and activity, it seems likely we will see Melbourne follow the other capital cities towards a recovery over the coming month. Source: Corelogic Agent Commentary: Peter Kafkas iProperty NT #corelogic #latestmarketnews #realestatenews #marketnews #bringthedog

17.01.2022 With the government grants in place and deals out there to be had, when is the best time to buy real estate?.... Today. Today is the best day, it's a buyers market, get out there... #buyersmarket #darwinNT

17.01.2022 AUSTRALIA has become the walking dead of debt due for a financial reckoning that could shock the housing market bubble within months. Why Australia is the walking dead. AUSTRALIA has become the walking dead of debt due for a financial reckoning that could shock the housing market bubble within months.... Thats according to anti-economist Professor Steve Keen who defines Australia as a zombie to be given soaring personal debt that has created a government-induced property bubble ripe to burst. Australia has simply delayed its day of reckoning, he told news.com.au in reference to the global financial crisis that shocked many countries around the world from 2008 but left the lucky country relatively unscathed after a series of government interventions. The Kingston University Professor claims first homeowners grants rolled out by successive governments have artificially kept prices high creating a form of instant prosperity that politicians are loath to stop. The housing bubble makes the politicians look good because A, people are feeling wealthier, and B people are borrowing money to spend, he said. Then the government runs a balanced budget and looks like it really knows what its doing It hasnt got a f***ing clue frankly, because whats actually happening is the reason its making that money is credit is expanding, he said. Its the old classic story, youre criticising a party because someones laced the punchbowl. You try to take the punchbowl away from the party youre a very unpopular person but you need to because whats actually happening is people are getting intoxicated with credit. His latest book, Can We Avoid Another Financial Crisis? argues Australia, along with Belgium, China, Canada and South Korea, is a zombie economy sleepwalking into a crunch that could come between 2017 and 2020. Both [Australia and Canada] will suffer a serious economic slowdown in the next few years since the only way they can sustain their current growth rates is for debt to continue growing faster than GDP, he writes. The comments come amid national uproar around housing affordability following the governments first home super saver scheme that will allow people to salary sacrifice into an account for a house deposit. While its designed to help people by providing pre-tax savings, critics have dubbed it a cruel hoax that will benefit vendors. Australia already has the fourth highest ratio of household debt as a percentage of net disposable income in the world at 212 per cent, according to the OECD with Sydney house prices more than 10 times the average income. Sydney and Melbourne have also recently been ranked the 14th and 15th most expensive cities in the world by the Economist Intelligence Unit. SOURCE: Courier Mail

16.01.2022 "Your invited" Auctioneering Workshop Are you wanting to embark on a carrier as property auctioneer? Are you interested in the auction process and want to learn more?

16.01.2022 ATTENTION - For all the real estate agents in Darwin - STOP DOING OPEN HOMES. Great advice Peter Kafkas Agents should endeavour to perform their obligations under their appointment to Act as best they can in the circumstances.... Whilst not ideal, agents should consider alternative ways of performing their contractual obligations other than OPENS called Private appointments. In rentals, it may become necessary to conduct entry, exit and routine inspections via electronic means (such as Facetime and the like) or request that tenants send photos of a rental property in lieu of an inspection. Source: REINT

16.01.2022 NT investors barking mad at legislation changes! The Gunner Government has thrown the cat amongst the pigeons by introducing changes to the Residential Tenancies Act, according to REINT CEO Quentin Kilian. Real Estate Institute of Northern Territory CEO Quentin Kilian talking on the Territory Story podcast yesterday.... The Northern Territorys peak real estate body, the Real Estate Institute of the Northern Territory (REINT), released a statement saying it was shocked by the Northern Territory Governments decision to overrule the findings of its own Legislative Scrutiny Committee. The new amendments to the Residential Tenancies Act will have massively detrimental effects on the rental market, according to Quentin Kilian, CEO of the REINT. At a Glance: - The amendments include any tenant who wishes to keep a pet on the premises must first give the landlord written notice describing the proposed pet. - The landlord has 14 days to make any objections to the Tribunal - If the landlord does not apply to the Tribunal within 14 days the tenant may keep the proposed pet on the premises.

15.01.2022 ITS good news for tenants with new data showing Darwin rent prices dropped in August. According to rent.com.au, the Territorys capital reported a 3.25 per cent decrease in rents last month with the median now sitting at $463. Darwin was the only capital city to experience a fall.... The median apartment rent dropped four per cent to $425 per week while the median house rental remained steady at $550 per week. Real Estate Institute NT chief executive, Quentin Kilian, said he had noted a downward trend over the past few months. At the moment were still not seeing any significant increase in population, he said. While that remains as is and supply remains the same, there are opportunities for rent negotiations at the appropriate time. According to CoreLogic, Darwin rental prices fell 9.4 per cent in the 12 months to the end of August. Nightcliff resident Caitlin Bender said the dropping rents made it possible for her to lease an apartment on her own. I pay $250 a week, which is pretty cheap for Darwin, she said. Most people I know cant get a place by themselves even with cheaper rent. The 23-year-old said expensive rents were a well-known part of living in Darwin but she was hopeful prices would continue to fall. It would be nice but it would be bad for investors, she said. But CoreLogic says, Darwin investors arent suffering too much with a rental yield of 5.2 per cent for houses the best of any capital city and 4.1 per cent for units. SOURCE: NT News

15.01.2022 What goes up, must come down. What's been down for a while will eventually go up, fingers crossed. Darwin is the capital city where it takes the longest time to sell a property, according to CoreLogics latest report. The property data firm says that it takes 94 days to sell a house in Darwin while units can expect to stay on the market for 113 days.... Here's an easy to read ABS capital city map

15.01.2022 And.thats a wrap for the Darwin crew of agents heading to #AREC2017 at the Gold Coast Convention and Exhibition Centre. AREC has grown exponentially over 20 years, attracting the worlds leading speakers, motivational coaches and industry shapers, including our home-grown visionaries and experts. More than 4,500 attendees took away phenomenal content to help them take control of their destiny.

14.01.2022 The new realestate.com.au app A simpler, smarter way to find property.

14.01.2022 Peter Kafkas announcement REINT LOBBYING PAYS DIVIDENDS FOR FIRST HOME BUYERS After more than 15 months of lobbying by the Real Estate Institute of Northern Territory (REINT) for changes to First Home Buyer concessions for purchases in the existing property market, the Northern Territory Government has finally agreed to partial measures to help stimulate the market and provide assistance to First Home Buyers. REINT Chief Executive, Mr Quentin Kilian noted, Today, the Chie...f Minister has announced that the Northern Territory budget will include a stamp duty concession for First Home Buyers seeking to purchase an existing property. The REINT has worked hard, and has been quite vocal about this issue, for almost a year and half and we are pleased that some positive measures have now been taken by the Government. The Governments press release today states Budget 2016 delivers a 50 per cent stamp duty discount for first-home buyers of established homes valued up to $450,000 and capped at $10,000 thereafter. The concession will apply from 24 May 2016 until 30 June 2017 and be reviewed in the second quarter of 2017 to determine if it should be extended. For homes valued above $450,000, first-home buyers will be entitled to the maximum stamp duty discount of $10,000. While this is a very positive step and certainly will help to stimulate this portion of the market, we feel a greater level of assistance could have been applied to the First Home Buyers and we will be continuing to speak with Government in regard to the review in 2017 with the aim of having the thresholds increased substantially, Mr Kilian said. On 1 January 2015 the Northern Territory Government changed the landscape for first home buyers by removing all incentives from the existing property market, removing all stamp duty concessions for first home buyers and applying a grant only to new home purchases. Mr Kilian said, This very positive move by the Government to reinstate a stamp duty concession for existing property purchases by First Home Buyers will be particularly important in regional areas such as Katherine, Tennant Creek and Alice Springs where no or very little new building activity is occurring. It will mean that a First Home Buyer, seeking to purchase an existing property, will need to save up to $10,000 less to get into the property market and have their own home. This can only be a positive move and the REINT will continue to ensure that First Home Buyers get the best deal possible and every opportunity to save when they purchase their first property, Mr Kilian said. Source REINT Media Release See more

13.01.2022 PRE Property Of The Week 14 RICHARDS CRESCENT, ROSEBERY Open This Sat from 11am - 11.30am... Peter Kafkas from iProperty NT is proud to present our Property Of The Week located in the popular suburb of Rosebery. Custom built modern home offering premium contemporary living with spacious open-plan interiors, an abundance of entertaining areas both indoor and outdoor and has an emphasis on quality throughout. This home has been specifically designed for the family who loves their space. Features: - 3 massive bedrooms all with built in robes and split system air-conditioners - Main bathroom features both a shower & bathtub - Master bedroom complete with a walk-in robe & ensuite - Large and incredibly functional layout maximising space - Gourmet kitchen with stone benchtops, 5 burner gas cooktop, dishwasher and ample benchtop space - Fully air-conditioned and features glistening porcelain tiles throughout - Entertainers delight with a giant undercover patio perfect for BBQs - Fully reticulated, low maintenance gardens on a 627m2 block (easement free) - Double lock up garage with 1 automatic roller door as well as side gate access to the backyard - Within walking distance to Rosebery Early Learning Centre, Rosebery Primary and Rosebery Middle School The master suite is generous in size and is located at the front of the property for maximum privacy. It features an excellent sized walk-in-robe and a large-sized ensuite with his & her sinks, extra-large mirror as well as a wall mounted magnified beauty mirror. This home just goes to show that from the outside, looks can be deceiving. Originally designed as a four bedroom home, the expansive layout allows your family to each have their own individual space. The open plan kitchen overlooks your substantial lounge area and off to the side you have an additional room which has been previously utilized as a formal dining room. Whether you're a family looking for somewhere quiet to bring up the kids, or an investor looking for a high-quality addition to your portfolio, make the time to inspect 14 Richards Crescent. Excellently designed and beautifully finished, if you're after something modern, in the perfect location, look no further! Property Link: https://www.realestate.com.au/property-house-nt-rosebery-13 Year Built: 2008 Land Area: 627sqm Council Rates: $1,738.80 p/a Please contact Peter Kafkas Ph: 0404 877 261 E: [email protected]

13.01.2022 A personalised property from 1 of Darwin's most innovative agents @Peter Kafkas OPEN this weekend A must see 8 Rooney St Rosebery $549,000 Home Open Feb 15 & 16th 10 - 10.30am... 4 2 6 1 - 703m2 block More info http://bit.ly/2ScwmK5 SO MUCH ROOM THIS MAY SURPRISE YOU! Located in a quiet street on a 703m2 block of land, is this super spacious 4 bedroom 2 bathroom home with double lock up garage and 4 bay secure MEGA carport perfect for a massive boat. Ideal for the family that requires room for the boat, trailer and camper van this home is one not to be missed. 4 Bedroom 2 Bathroom home on 703m2 Freshly painted throughout Double Garage and secure side access 4 Bay Carport Centrally located chefs gas & electric kitchen Outdoor entertaining area Split system Air-conditioning & Tiled throughout Solar Hot Water Established lawns and garden shed. Security screens and roller blinds Inside this feature packed home are 4 very spacious bedrooms with built-in wardrobes and split-system air conditioning, and a master bedroom that boasts both an ensuite bathroom and walk-in wardrobe. The main bathroom includes a shower alcove, bath and vanity plus separate WC. The centrally located kitchen is the hub of the home, and includes a brand new gas 900mm gas cooktop and canopy range-hood to match. Fully featured also includes a breakfast bar, corner pantry, dishwasher, and plenty of pot draws and under bench storage. Positioned towards the front of the home is the lounge room which curls around to the dining and separate family area. Along side the living & dining rooms are double sliding doors which open out to the massive outdoor entertaining and back yard with garden shed. . . . #freecookies #riseandgrind #housegoals #darwinforsale #darwinnt #darwinrealestate #topend #bedarwinbedifferent #ntuastralia #darwininnovation

13.01.2022 Some very interesting statistics published in the Weekend Australian. Darwin is the only capital city in Australia to have shown a growth in Dwelling Settled Sales.

11.01.2022 Darwin property market values equal best in the country, new data shows, as agent predicts growth will continue for a few months NEW monthly data shows Darwin is tied with Canberra for top residential property growth among the capital cities, and a local agent says this activity is nowhere near slowing down. CoreLogic’s Hedonic Home Value Index for November revealed Darwin had a monthly combined dwelling value growth of 1.9 per cent, tied with Canberra for the largest rise of... all the capital cities. Darwin also led the quarterly combined dwelling value growth at 4.7 per cent, followed by Adelaide at 3.4 per cent. The data showed house values grew 1.6 per cent to a median of $490,881 and units by 2.4 per cent to a median of $286,475. One of Darwin’s leading agents Peter Kafkas said many of his recent under contract sales reflected this growth. He recently got a property in Rosebery under contract, at over $700,000 just after the first open, this is setting a new record in the area, after listing it at Offers Over $700,000 He said if the house was for sale between January and March this year, he would have listed it for a mere $620,000. This represents full confidence in the Darwin market. To get a property under contract in the first week over $700,000 clearly shows we are the comeback capital of Australia says Peter Kafkas. #latestmarketnews #realestatenews #marketnews #bringthedog #housegoals #darwinrealestate #topendrealestate #topend #realestateaustralia #iloverealestate #International #localmarket #darwin #darwinnt

11.01.2022 Top performing agent says Don’t believe the hype so let’s not create a false economy Could this be the sign the Darwin Real Estate market has been looking for? iProperty NT’s Peter Kafkas says The mood in town is great, even though it’s the build up, the Darwin Rental market is going really good now, it’s harder to find a rental. We’ve all been waiting for something to turn Darwin around ‘The NT is Covid FREE’ people are not leaving as fast as they used to but let’s not h...ype things things up too quickly We are the come back capital of Australia but at the same time it doesn’t take a lot to turn us around. We have all seen many Territorians lose over the last few years and whilst rentals are going really good right now, it’s not necessarily the same for the sales market. What has also contributed to the increase of activity is sellers are simply more realistic than they were 12 months ago, Said iProperty NT’s Peter Kafkas. As reported by the REINT let’s not forget Darwin is a buyers market, Darwin had the highest median days on market of the capital cities in the three months to September, at 56. However, this has come down from 72 in the 3 months to March. Regional NT saw an increase in typical days on market, however low levels of transaction activity make the measure quite volatile for the region. The Real Estate Institute of the Northern Territory (REINT) has released its June Quarter 2020 Real Estate Market Report for the Northern Territory and has reported an almost 11 percent increase in house sales for the quarter and vacancy rates falling by around 2 percent across Greater Darwin. The Detached Dwelling or ‘House’ market saw a sizeable increase in sales and even a small bump in median price. said REINT Chief Executive Officer, Mr Quentin Kilian. "The June Quarter 2020 saw sales volumes rise by 10.9 percent across Greater Darwin. At a Glance: * June Quarter 2020 saw sales volumes rise by 10.9 percent across Greater Darwin * Median house price increased by 1.6 percent across Greater Darwin at $477,500 * For units sales volumes fell by 11.6 percent "The bulk of this was in Darwin North Coastal area, with a 25.9 percent increase, and takes in suburbs such as Alawa, Coconut Grove, Milner, Nightcliff and Wanguri. "Palmerston also fared well with an 11.3 percent increase in sales volumes. The median house price increased by 1.6 percent across Greater Darwin to come in at $477,500. At the start of the year myself & Philip from Multibuild Homes NT spoke about the non-decline (https://www.youtube.com/watch?v=lBQ0TUPGSyU) reported by Corelogic now before we created a false economy lets see what happens with the next RELM due out soon, he said.

10.01.2022 Parents worry their children wont be able to afford a home WORRIED parents believe their kids are destined to be a generation of renters, with soaring property prices meaning they will struggle to buy a home. About 40 per cent of people think their children will not be able to afford to save a home deposit, the Westpac Financial Future report has revealed.... National house prices rose 10.7 per cent over the past 12 months with Sydney recording the strongest growth at 16 per cent, CoreLogic data has found. Westpacs head of youth and millennial markets, Ashley Gray, said the results were quite concerning and highlighted that home ownership is becoming increasingly out of reach. The research found 39 per cent of Gen Ys found that home ownership is almost impossible, Mr Gray said. So much so that they face being a generation of renters. But by having a simple savings account early on in that childs life ... they know they have funds available for long-term goals such as university and home ownership and it sets them on the right path. In many cases first-time property buyers need at least a 10 per cent deposit to buy a property, for example on a $400,000 home they need to have saved at least $40,000. Sydney mother of two Gisella Vollmer said shes worried her student daughter Tani, 19, who also works three jobs, will never afford a home. Shes really cautious with her money, Ms Vollmer said. But Front Row Financial director Brendan Turnbull said saving money is a habit that is absolutely influenced from an early age and the earlier children start, the better. Whether its helping or encouraging kids saving to buy a new push bike or teenagers saving to buy a car, it goes back to the idea of saving to buy something you want rather than borrowing. The report found parents believe the motivation for opening their children a savings account from a young age is because it will give them a financial headstart (46 per cent). SOURCE: NT NEWS

10.01.2022 Fannie Bay home sold to a Victorian who saw photos online and said ‘I love it’ A FANNIE Bay home sold at auction to a Victorian buyer who saw only pictures of the house and said I love it. 2 Brown St, Fannie Bay sold last week for $815,000 by O’Donoghues First National residential sales agent Michael Keith.... The four bedroom, two bathroom home attracted 75 groups through across five opens. Mr Keith said buyers were drawn to the stunning renovations and presentation of the home. The (former) owners bought it three years ago and when they added their own touch to it, he said. They modernised the outside and inside, changed the garden. They gave it a really good spruce up. Everyone was very complimentary of how it presented. There were four bidders on auction day. It was ultimately sold to a buyer in Victoria who was bidding over the phone. Mr Keith said it was a remarkable sale given the buyer had only seen pictures of the home. The buyer bought it on the phone, sight unseen. He saw the photos and said ‘I love it’, Mr Keith said. The sale was also over the reserve price. Mr Keith said interstate interest in homes was beginning to rival local interest. There’s a lot of local interest this year, but the interstate interest has ramped up since COVID-19 and more so now since the borders opened, he said. It amped it up to another level again. He said interstate buyers were moving for multiple reasons, including the Territory’s response to COVID-19 and wanting to be closer to family. He urged hesitant buyers to prepared to face serious competition. Buyers, you need to get pre-approved and ready to go because you’re facing increased competition, he said. There are more people at opens now. You have to be prepared and ready, otherwise you’ll miss out. Sellers, if you had been thinking of holding off, get on the market now. People are waiting, and obviously well-presented properties are achieving very good prices. Source: News Corp #realestatenews #marketnews #bringthedog #housegoals #darwinrealestate #topendrealestate #topend #abcnews #realestateaustralia #iloverealestate #International #photooftheday #darwin #darwinnt #realestate #realestatelife #realestateagent #darwinnt #realestatent #ntrealestate #northernterritor #reint #palmerstonrealestate

09.01.2022 Jen Wardell named the NT News favourite real estate agent by their readers. A PASSION for property and dedication to the community are why readers voted this real estate agent as one of the NT’s best by NT News readers. LJ Hooker agent Jen Warden was named the Territory’s Favourite Real Estate Agent in an NT News poll, with a huge 61 votes.... I am not just a real estate agent but someone who is truly interested in the community and the people who make up that community, she said. Thankfully being in real estate has allowed me to combine my passion for real estate and my community spirit in a job that I love. Source: News Corp Pictures by: GLENN CAMPBELL

09.01.2022 EXCLUSIVE: The CLP & Territory Alliance Party will scrap the NT Governments new controversial Pet policy ruling. Anger mounts for pushing through this legislation that is not, as NTG would promote, about pet ownership - It is about stripping control from landlords over their own properties. That is wholly unacceptable says REINT Quentin Killian #darwinrealestate #palmerstonrealestate #landlordrights #petownership #investors

07.01.2022 Darwin house prices receive January bump after five-year slide, new data shows For the Romeo family, a relocation to the Northern Territory's Top End was a dream almost a decade in the making. Home values in Darwin are nearly 32 per cent lower than in 2014...Continue reading

07.01.2022 https://www.facebook.com/Realestatent/videos/493586787518902/

07.01.2022 Darwin real estate agency opens cafe to house Palmerston office WHEN the real estate market slows down agents get clever. In the Northern Territory, real estate agents have used free white goods, furniture packages and even cars to attract buyers.... Real Estate Institute NT chief executive Quentin Kilian said he encouraged the local industry to continue to find new ways to do business. We always try to push our agents to be more innovative, he said. One agency has decided the trick is to give the community what they want and in the case of the Palmerston suburb of Bellamack, thats a cafe. Café@ONE27 Flynn is the first coffee shop to open in Bellamack but its red London-style telephone booth is more than a funky decoration it is the entry to the compact office for Roost Realty. The concept of combining a cafe with somewhere agents can have a coffee and chat about a property in a classy environment I think is incredible innovative, Mr Kilian said. COURTNEY TODD, NT News

06.01.2022 HOT PROPERTY: As property prices plateau at the lowest level we've seen in years, a new report is giving hope, showing some Top End suburbs have dodged the decline. Homes in parts of Palmerston and the Rural Area haven't just doubled their value - they've increased four or five fold. Source: 9 News Darwin

06.01.2022 This report charts activity in the last quarter of 2016 and in some areas it shows some very promising signs, but I would have to caution on that its a little early to be claiming a market recovery. That being said, it is good to finally see some black ink balancing the sea of red ink we saw throughout 2016. Residential house sales continued to increase and this quarter saw quite a significant increase in sales activity, moving up by 20.6 percent in the quarter - remember, h...owever, that its coming off a very low base having hit sales volumes around 1990 levels throughout the year. But, take nothing away from these figures as its showing a solid growth in buyer activity. What is interesting is that the highest buyer activity is in Palmerston which is up 56 percent from the previous quarter and Alice Springs which is up 32 percent from the previous quarter. With the exception of Alice Springs, which is enjoying a very strong market bounce at the moment, median prices have continued to decline, down a further 6.1 percent this quarter for the Darwin market. Alice Springs was the only jurisdiction that saw an increase in house prices, up 12.2 percent for the quarter. Unit / Townhouse sales also increased in this past quarter, up 17.6 percent for the quarter, but that remains 25 percent less than at this me last year. Overall the median price for units increased in the Darwin market by 4.3 percent. This sales activity was predominantly led by sales in Inner Darwin which was up by 44 percent for the quarter, but remains 45.5 percent lower than last year. Rents fell again this quarter with the Darwin house rents falling to an average of $509 per week for a 3 bedroom house, which is a drop of 0.4 percent for the quarter and 5.9 percent lower than last year, and $383 per week for a 2 bedroom unit, which is down by 0.9 percent for the quarter and 7 percent lower than the same me last year. Alice Springs saw little change in the rental prices with an increase in 2 bedroom house rents and a drop in 3 bedroom unit rents, but most other choices remaining relatively unchanged. Rental Yields on houses strengthened a little to come back to 5.1 percent, but fell again on units to record 4.1 percent. Vacancy rates were a mixed bag - falling in Palmerston but increasing in many other areas. Overall Darwin vacancy rates increased to 7.8 percent and Palmerston fell to 5.7 percent, which supports the anecdotal evidence we have received from our members of an increase in renter demand in Palmerston. Source: REINT RELM December 2016 Quarter

06.01.2022 Buy before the price goes up! TOP End real estate agents are describing November as one of the most active in more than 7 years, with market activity skyrocketing. This week the Real Estate Institute of the Northern Territory’s Real Estate Local Market Report for the June quarter revealed a 10.9 per cent increase in sales across greater Darwin, with the median house price also increasing by 1.6 per cent to $477,00 for the same region.... Nick Mousellis from @nick_mousellis_re said market activity was growing stronger by the week. Numbers at opens are increasing compared to 3 months ago, he said. Properties on the market are selling so much quicker and definitely in most cases for stronger figures than they were 3 months ago. iProperty NT CEO @peterkafkas said the recent months were the best the residential market had seen in more than 7 years. The Darwin market has now recorded two consecutive quarters of median house price growth in 2020 and the demand for property just seems to be getting stronger each week, he said. Demand is high across good affordable homes in the northern suburbs, semirural properties and some emerging positive signs in all residential markets. The additional interest we are seeing is from interstate migration since the borders opened, which we are already seeing at our open homes over the past weeks. This is the hottest time of year and we are busy.. Go Darwin!. Both agents agreed real estate in the Top End is looking promising for 2021. Mr Kafkas added the Territory is the safest place in Australia so get up here now! #darwinnt #realestatent #ntrealestate #northernterritor #reint #palmerstonrealestate #darwinrealestate

06.01.2022 House prices drop in January BUYERS are continuing to return to the Darwin property market as they anticipate a bounce back in 2017. Real Estate Institute of the NT chief executive Quentin Kilian said it was good time to buy even though he remained cautiously optimistic about the state of the market.... The next couple of months will give you a much better indication where pricing and sales volumes are likely to head for 207, he said. What we have seen is a lot more first homebuyer activity and general buyer activity at open homes so people are out shopping. Fannie Bay family Susanna Bradly, 23, and her partner Philip Goode, 24, and daughter Baby, 2, recently purchased their dream townhouse in George Crescent. We moved up in September from Jimboomba, QLD, and the plan was to rent but wed never rented before, she said. We rented for three months and it was just crappy. We loved it here and we didnt want to rent anymore and we went for it. Falling in love with the property, Ms Bradly said it was a smooth and quick transition though she paid more than she wanted but was willing for the location. What I had heard from everyone is that it was a good time for buyers, she said. We did have a look at surrounding suburbs like Parap and Stuart Park, but it was the best option and I think we got a good price. Capital growth in Darwins real estate market has slowed in the past two years but experts suggest a turnaround is imminent. January saw house prices drop 3.3 per cent but unit prices increased by 4.6 per cent. Overall, the market dropped in price by only 1.7 per cent. CoreLogic head of research Tim Lawless said the numbers hinted at a bottoming of the downturn. Since dwelling values peaked in Darwins market, they have reduced by a cumulative 7.5 per cent in Darwin through to January 2017, Mr Lawless said. Buyers still have a great deal of leverage in these markets, with listing numbers remaining high, long selling times and high rates of discounting. In another indication that conditions may be moving through the bottom of the cycle, the average selling time reduced from previously higher levels. SOURCE: NT NEWS

05.01.2022 Darwin real estate plunge gives buyers a chance DARWIN real estate profits took a dive in the March quarter with one in four units reselling at a loss, according to data released by Core Logic today. The Core Logic Pain and Gain report found 21 per cent of homes that resold during the first three months of 2016 failed to turn a profit, with 18.8 per cent of houses and 26.6 per cent of units reselling at a loss.... Vendors lost nearly $4 million during the period but those in the black raked in more than $34.7 million in profit. The number of loss-making sales during the March quarter was up from 13.5 per cent in the previous quarter and nearly double the 11.1 per cent recorded the March 2015 quarter. Cameron Kusher, Core Logic senior research analyst, said the Darwin market was pretty volatile as expected. It is really reflective of (the Darwin) economy, the slowdown in the mining sector, the outflow of people from the Northern Territory to other parts of the country and falling property values, he said. According to ABS data released last week, the Northern Territory had the slowest population growth in the country at just 0.3 per cent in 2015. Real Estate Institute NT chief executive Quentin Kilian said many of the homes that resold at loss in the March quarter were likely bought at the height of the market a few years ago. If you purchased 10 years ago you should have made enough capital gains to equate to a profit, he said. Mr Kilian said while the reduction in home prices wasnt the best news for vendors, it was good for buyers. If you look at the equation, buyers have got lower pricing in housing at the moment, a depth of stock we havent had for quite some time and low interest rates that will potentially drop even lower, he said. Its a great time for not only first homeowners to get into the market but for investors to buy as well. The Pain and Gain report found Litchfield properties performed the best in the March quarter, with 80.6 per cent selling for a profit, followed by Darwin 80 per cent and Palmerston 75.4 per cent. Litchfield recorded the highest median profit at $260,000 while the median gain was $160,000 in Darwin and $117,000 in Palmerston. Interestingly, Litchfield also recorded the highest median loss. Source NT News

05.01.2022 Former Elders real estate agent Chris Deutrom appeals sentence over $237k theft Jailed real estate agent Christopher Deutrom has launched a bid to appeal the severity of his sentence. 9News revealed the former Elders employee earlier applied for an extension to the time period allowed to launch an appeal, before lodging the appeal paperwork this week.... Mr Deutrom was sentenced to five years behind bars in November last year, after he was found guilty of obtaining $237,000 by deception. The former manager of Elders Real Estate Darwin had advertising rebates meant for the company transferred to personal bank accounts. He'll be eligible for parole in mid-2021, after serving two-and-a-half years of his sentence. A date for an appeal hearing is yet to be set.

02.01.2022 Housing bubble a recession risk AUSTRALIAS housing cycle has peaked and new construction will decline over the next two years, with a crash in prices leading to a possible recession, a new report has warned. In a note on Friday, investment firm Credit Lyonnais Securities Asia (CLSA) said issues of affordability and household debt were overextending Australias real estate bubble, which is being held aloft by foreign capital....Continue reading

02.01.2022 Federal Budget holds good news for buyers and sellers While the 2018 Budget had no measures specifically addressing housing supply and affordability, the Budget's approach recognised the state of the property market, according to the Real Estate Institute of Australia (REIA). REIA President, Malcolm Gunning, said the Budget's approach recognises the state of the property market and the impact that APRA's measures have had in cooling the market, particularly in Sydney and Melb...ourne; and the Treasurer has seen no reason to make any further adjustments. "A boost to infrastructure spending, modest improvements in housing income for lower income earners, continued tax write offs for small to medium business and growth in employment can be expected to be mildly expansionary, particularly for regional economies," he said. He told WILLIAMS MEDIA the Budget held good news for first home buyers in particular. "The government is satisfied the market is cooling which will help with affordability. Theyre also comfortable enough that there is enough supply to meet the demand, so their focus has been more about the broader economy lifting up affordability and spending, rather than placing restrictions on property," he said. "The investors are getting a good deal at the moment - in most cases we havent seen much rental growth, so theyre getting a good deal because of the supply of property. The good thing for home buyers is that there is nothing in the budget to suggest that interest rates will be lifted in the near future, as inflation is expected to remain within the RBA's target zone. This expected interest rate stability comes at a time when housing prices in some of our major cities are showing signs of easing leading to improved affordability for first home buyers, he said. The CEO of the Real Estate Institute of the Northern Territory (REINT), Quentin Kilian, told WILLIAMS MEDIA the budget could lead to more first home buyers flooding the market. "For us in the Northern Territory, we're a little different to the southern markets - we don't have an issue with supply at the moment, we have an issue with people. The State Budget rather than the Federal Budget tries to address that. I think the one good thing that potentially comes out of it is middle income earners tax cuts - if that starts to generate the potential for more disposable income, that could lead to encouraging more first home buyers into the market," he said.