The Northern Territory news Fri 22 May 2015
The Northern Territory news; NewspaperNT
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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
News Corp Australia
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News Corp Australia
FRIDAY MAY 22 2015 NEWS 11 V1 - NTNE01Z01MA Darwin CBD best spot to hunt bargain THE Darwin CBD has been named as the best buyers market in the Northern Territory by realestate.com.au. Darwin beat out Stuart Park, Katherine and Gillen to take the top spot as the suburb offering the most favourable conditions for buyers, including fewer people looking per listing and more affordable price points. Daniel Banks, a finance broker looking for an investment property in the Darwin area, said hearing the city was a buyers market made him more inclined to check out properties for sale in the CBD. Now would be the best time to buy, before everyone clues on to it being a buyers market, he said. Being a mortgage broker, Ive realised that when more people are talking about a certain suburb, the prices start to go up. The Leanyer resident said with all the development happening in the city, it was no surprise buyers could get a good deal there. With so many units on the market, the buyer has the power to bargain and the vendor may need to take a loss to sell their property, he said. Andrew Turner, realestate .com.aus NT sales manager, said the Buyers Markets list helped make the property decision easier for those looking to buy. (The) Buyers Markets present more affordable price points to meet the needs of a buyer, making these properties attractive for people looking to enter the property market, he said. With low interest rates, now is a great time to jump into the market to secure that dream property youve always wanted. The real estate website looked at a years worth of data relating to supply and demand, days on market, and listing and sale price differences to work out the top Buyers Markets lists throughout Australia. There are currently 178 properties for sale in Darwin, 89 in Stuart Park, 73 in Katherine and 43 in Gillen. Finance broker Daniel Banks is checking what properties are on offer in Darwins CBD after it was named the best buyers market in the Territory by realestate.com.au Picture: HELEN ORR PRICE IS RIGHT The Top 4 Buyers Markets in the Northern Territory 1 ............................... Darwin 2 ........................ Stuart Park 3 .......................... Katherine 4 ................................. Gillen What $500,000 can get you in the nts top buyers markets DarWin 15/1 buffalo court, Darwin offers over $455,000 real estate central projects Sleek architectural lines abound in this designer CBD apartment with a stylish modern floor plan that features three city-view balconies. The unit is set in an iconic complex located a stroll to city-centre shopping and entertainment, and walking distance to Mindil Beach and The Esplanade. stuart park 4/7 charles street, stuart park $469,000 ray White city (nt) This beautifully renovated townhouse has a new kitchen and spectacular open plan layout. It is located in a small complex of six close to restaurants, cafes, gyms, shops, and the Darwin CBD. katherine 4 gibson court, katherine $465,000 LJ hooker katherine This elevated home is set in arguably the quietest and most exclusive cul-de-sac in Katherine East, in an area full of corporate and DHA tenants, and privately owned residences. The home has open living, kitchen and dining spaces, all beautifully finished in polished floorboards, and a quiet, secluded deck perfect for dry season barbecues. giLLen 15 spencer street, gillen $465,000 elders alice springs Situated in the desirable location of Gillen, this outstanding property is finished to perfection. Showcasing the best of modern decor, the beautifully presented house has quality fixtures and fittings throughout. The stylish open plan kitchen is complete with gas cooktop, a big fridge space and two large pantries. Welcomed by open plan living/ dining creates a spacious feel and leads to the contemporary kitchen with plenty of bench and cupboard space at your disposal. NOBODY BEATS OUR PRICES bunnings.com.au Not all services and products featured are available in all stores. Bunnings Group Limited BBNT3778BBNT3778 3340292 $39ESL UV lamp. IPX4 weather rated. 20W Bug Zapper