Property Hotspot In Australia Summary

Darwin is one of the hottest spots to buy property in Australia. In fact, some analysts say that real estate prices in Darwin are increasing at a greater rate than those in Sydney. As per statistics, in the past decade, costs in Sydney real estate have increased in 2.5 percent whereas the prices in Darwin have increased by 10 percent. So, within a few years, it is very likely for Darwin to become as expensive as Sydney. If you are planning to invest in real estate now, Darwin is definitely the right place to do so. Within a few years, the returns you get will be very satisfactory.
So, what makes Darwin such a hotspot?
The Asian Century white paper released by the federal government has stated that Darwin has the potential to be the next Singapore. The place has lots of opportunities in educational, financial, engineering and medical services. Reports such as these have definitely contributed to an increased interest in land available in Darwin.
There are several projects coming up in Darwin that will increase value of the place. One example is the Inpex gas plant costing $34 billion. With such developments coming up in the city, opportunities in employment are going to improve, thereby bringing lots of people to the place.
Sale of property healthy in Darwin
In the past couple of years, property has been selling like hot cakes in Darwin. Real estate analysts say that while sale of property was good last year, it is better this year and is going to be even better in the next year. So, the value of land is going to increase at a healthy pace.
The good thing is that there is a good supply of property in the city. Although the supply of homes is reasonable, there is huge availability of undeveloped lands. If you want to make a great deal, you should target these empty plots of land.
In the coming years, when the supply of real estate is going to be overshadowed by demand, the value of land is going to shoot through the roof. You can make a neat profit by selling the land in the future. If you are not interested to sell, you can always build your own bungalow and enjoy living in Darwin.
Tips to buy land in Darwin
When you buy land in Darwin, you need to make sure that you choose the right area for investment. You need to check the blue print of the city and judge the city’s development characteristics so that you can decide on the right area.
According to the current reports, the northern suburbs of Darwin are the best places for land purchase because these places are the next development hubs. Another area touted for development is the southeastern region. There is a good chance of abundant growth in the near future in these zones.
You can get in touch with a real estate agent in Darwin for more information about buying land here.

The value of residential land in Darwin, Australia is measured by its proximity with the Central Business District. Buying a residential land near a development hub is always the safest option. Click here to look at some beautiful residential projects.

Article Source: http://EzineArticles.com/8169225