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Ray White Bayside Monthly Property Market Review March 2016

By Korgan Hucent

March 2016 Snap Shot of the Darwin Property Market

AUCTION CLEARANCE RATES 31%
AVERAGE DAYS ON MARKET = 47
FOR SALE AVERAGE DAYS ON MARKET
173 DAYS

HOUSE

177 DAYS

UNIT

MEDIAN PRICES
$540,000

HOUSE

$465,000

UNIT

CAPITAL GAIN

HOUSESUNITSDWELLINGS
Past 12 months-1.5%-2.9%-1.8%
Annual over five years1.0%0.1%0.9%
Annual over ten years6.1%4.0%5.6%
Annual change in

house rents:

-11.5%

Annual change in

unit rents:

-10.2%

Gross rental

Yields:

5.2%

Data source | CoreLogic RP Data

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