The Northern Territory news Fri 10 Oct 2014
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
10 NEWS FRIDAY OCTOBER 10 2014 NTNE01Z01MA - V1 City rent sky-high DARWIN has again been found to be Australias most expensive capital city for renting a home. According to the latest RP data rental review, Darwins median asking rent for a house is $660 a week. A unit is $550. Nationwide, median weekly rental rates for houses is $430 a week, while for units it is $420. Hobart is the cheapest with a median house rent of $330 a week $275 a week for units. RP Data national research director Tim Lawless said that Brisbane was the only capital city where rents didnt change in the house market during the quarter. Melbourne experienced the highest jump in house rents up by 2.6 per cent. In Perth and Canberra house rents dropped by 2.7 per cent and 2 per cent respectively. Mr Lawless said despite the drops in rental yields investment demand was at record levels and trending higher. He said this showed that most investors were instead focusing on capital gains. Mr Lawless said the bad news for investors was that rents werent rising near the same pace as property values. This meant the returns to investors werent as good and was particularly the case in Sydney and Melbourne, where values had significantly outpaced rents. Avoid the rent trap. Look for your dream home in tomorrows bumper Real Estate liftout WHITTLING down a number of songs to create a new record comes to Troy Cassar-Daley easy enough. But that doesnt mean there are no surprises they are something he still expects to find in the coming months as he records new material. I draw a circle with one song in it and then wagon wheel spokes off it where I find other songs that have some sort of affinity with it, he said. Its good to make sure you have continuity. In Darwin for One Tropical Day, Cassar-Daleys country tunes will provide a different sound to the rock of Hoodoo Gurus and The Screaming Jets. The festival scene gives him room to adjust his playlist and have fun with his audience. Its something that never gets old, I have the best job in the world; I dont know how you could get blase about it. Casey-Daley has had a diverse range of gigs in the NT including at the Humpty Doo Hotel and the back of a truck. At a festival you can play a bit louder, the aim is to get people up. One Tropical Day, today from 4pm. Tickets still available from yourcentre.com.au or moshtix.com.au Gigs are great joy for Troy ON THE RISE WEEKLY HOUSE RENT Darwin $660 Adelaide $350 Brisbane $400 Canberra $480 Hobart $330 Melbourne $390 Sydney $525 Combined $430 WEEKLY UNIT RENT Darwin $550 Adelaide $300 Brisbane $390 Canberra $383 Hobart $275 Melbourne $370 Sydney $500 Combined $420 Troy Cassar-Daley will bring his chart-topping country hits to One Tropical Day Affordable Housing for Key Workers