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The Oz winner in housing over May quarter is....

Discussion in 'Real Estate' started by Jacque, 19th Jun, 2007.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
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    Location:
    Sydney
    DARWIN!!

    No real surprises here, however, given it's recent boom and consistent rental market. Here's what Residex had to say about this top end capital:

    The star performer of the house market in terms of capital growth over the May quarter was Darwin, which exhibited growth of just over 7.5%. Even though rental yields have dropped, Darwin still has relatively high rental returns in comparison to other capital cites in Australia. Investor activity continues to drive this market and could be a reflection that some are shifting funds away from the Perth market and into the top end housing market.