Such is the extent of falling property prices in the Top End that the family paid just $175,000 for their property, which last sold for $311,000 in 2011, and $288,000 in 2009."I look around and still can't quite believe it; I actually never thought we would have a Christmas in our own home," Ms Coles said.Quentin Killian heads up the Real Estate Institute of the Northern Territory , and believes Darwin's real estate market will bounce back in another decade or so.
Mr Killian said the REINT advised property owners looking to sell at the high end of the market to wait if they could.
In 10 years time Darwin will be almost uninhabitable. No wonder real estate prices are falling.
Yep. The prices were obscene, Buying or Renting, when the Mining Boom exploded. Too many people became too Greedy.
The way things are going climate change will force us all to move to Tassie.
Can they afford the annual insurance premiums?