City of DarwinEconomic profile
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City of Darwin

Rental listings

At June 2018, City of Darwin had a median house rental of $520, $30 higher than the median house rental for Northern Territory.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Automated Valuation System

Rental listings
City of Darwin20182014Change
Housing value (at June)City of DarwinNorthern TerritoryCity of Darwin relative to Northern TerritoryCity of DarwinNorthern TerritoryCity of Darwin relative to Northern Territory2014 to 2018
House--------------
First Quartile$450$420+7.1%$550$520+5.8%-$100
Median$520$490+6.1%$650$590+10.2%-$130
Third Quartile$633$580+9.1%$800$700+14.3%-$167
Median Rental Yield5.1%5.5%--5.3%5.6%----
Unit--------------
First Quartile$330$325+1.5%$430$400+7.5%-$100
Median$415$400+3.8%$520$480+8.3%-$105
Third Quartile$520$494+5.3%$650$600+8.3%-$130
Median Rental Yield5.9%6.0%--5.7%5.9%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Northern Territory: $494 Median, Northern Territory: $400 First Quartile, Northern Territory: $325 Third Quartile, Northern Territory: $580 Median, Northern Territory: $490 First Quartile, Northern Territory: $420 Third Quartile, City of Darwin: $520 Median, City of Darwin: $415 First Quartile, City of Darwin: $330 Third Quartile, City of Darwin: $633 Median, City of Darwin: $520 First Quartile, City of Darwin: $450
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Northern Territory: $-106 Median, Northern Territory: $-80 First Quartile, Northern Territory: $-75 Third Quartile, Northern Territory: $-120 Median, Northern Territory: $-100 First Quartile, Northern Territory: $-100 Third Quartile, City of Darwin: $-130 Median, City of Darwin: $-105 First Quartile, City of Darwin: $-100 Third Quartile, City of Darwin: $-167 Median, City of Darwin: $-130 First Quartile, City of Darwin: $-100
Source: Hometrack 2014-2018, Automated Valuation System

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