Darwin, in the Northern Territory, is rapidly becoming one of Australia’s most dynamic urban centers. With vacancy rates at or below 1%, it has experienced rising and robust sales. Furthermore, data from the previous twelve months shows that rental growth has slowed.
The Northern Territory has many famous places such as Cullen bay, Fannie bay, Mindil beach, Crocosaurus cove, and many beautiful Darwin suburbs.
In Darwin’s real estate market, the median house price has remained stable. When put next to the world’s other capitals, its economy looks quite precarious. That’s why the median home price is going up less than it was before.
So, whether you’re looking for the cheapest rent in Darwin or your dream home, the city has a lot to offer. There are realtors out there who will give you the full rundown.
Even without that, though, this page will give you information about some of the best suburbs in Darwin city. Let’s dive in.
Suggested Reading: Thinking of a move? Don’t forget to check out our review of unsafe suburbs in Darwin.
Wulagi
- Median house price: $595,000
- Median unit price: $400,000
- Median rent: $560 per week
Wulagi has been rated as one of the best northern suburbs in Australia. You can find the best suburban living in this area as it provides the houses at the best location.
It has a high lifestyle with a neighbourly spirit. Real estate is good in Wulagi as the investors can easily yield in the mid 5-6% from renting without any hassle.
The suburb has a friendly neighbourhood and a safe environment for young families. Moreover, it is located 15 minutes away from the city and provides easy access to the Darwin international airport.
Darwin international airport is 8 kilometres away from the city centre and located in the Marrara suburb. Moreover, you can find the Darwin CBD within walking distance from the regional town.
The median house price in Wulagi is $595,000 and the median unit prices revolve around $400,000. Moreover, the median rent is almost $560 per week.
Discover more properties for sale in Wulagi.
Bakewell
- Median house price: $400,000
- Median unit price: $295,000
- Median rent: $520 per week
Investor activity has increased in this Palmerston suburb as the sales have increased by four times in the past two years. You can see the broader trend across the satellite city of Palmerston.
Although it is one of Darwin’s more pricey suburbs, the area offers residents a full complement of amenities.
The median house price in Bakewell is almost $400,000 and the unit prices are $295,000 which is less than last year. Moreover, the rent per week is $ 520 for houses and $ 435 for units.
Discover more properties for sale in Bakewell.
Rosebery
- Median house price: $2,150,000
- Median unit price: $790,000
- Median rent: $215 per week
Rosebery is also one of the best suburbs in Darwin which has a tropical climate and all the basic facilities of life. It contains Bakewell Shopping centre, schools, Top End Medical Centre, swimming pools, etc.
The median price for houses in Rosebery is $2,150,000 whereas the median unit prices are $790,000. The rental price for a house is almost $215 per week. However, you can confirm the rental price according to your required home from the real estate agents.
The sales activity has doubled during the past year in this suburb. Northern suburbs come with wonderful views and beautiful weather. However, the wet season is often challenging for new migrants.
Discover more properties for sale in Rosebery.
Rapid Creek
- Median house price: $760,000
- Median unit price: $400,000
If you are looking for expensive suburbs, Rapid creek made its place on this list. It has a seaside location which has increased its median price for houses up to $760,000. However, the unit prices are lower which is $400,000.
You may have heard about the NightCliff suburb, Rapid Creek sits alongside it. Moreover, Rapid Creek is famous for schools and other educational institutions along with public transport.
The financial situation of Rapid Creek provides information that rental prices per week are increasing day by day.
Discover more properties for sale in Rapid Creek.
Darwin City
- Median house price: $499,000
- Median unit price: $442,000
- Median rent: $600 per week
Darwin city is an ideal place for young families because it has a friendly neighbourhood and all the other basic facilities of life. The suburb is an emerging trend for near-city or inner-city suburbs.
However, you should not be worried about the median price as Darwin City is one of the affordable suburbs. The median house price in Darwin City is below $ 499,500 and the median unit price is below $ 442,000 according to recent market trends.
Moreover, the average rental price in Darwin City is $600 per week. You can contact any real estate agent for further information about property in Darwin and other capital cities.
Discover more properties for sale in Darwin City.
People also ask
What is the safest suburb to live in Darwin?
Fannie bay and NightCliff are famous suburbs of Australia for living. Moreover, Wulagi and Bakewell have also made their place on the list of safe living.
What is the posh suburb of Darwin?
Rapid Creek is one of the most expensive and posh suburbs of Darwin because of its seaside location.
Is it safe to walk at night in Darwin?
You will find many people walking to and from the waterfront area. Therefore, Darwin is safe to walk at night and enjoy the weather.
