Territory Stories

The Northern Territory news Sat 2 Nov 2019



The Northern Territory news Sat 2 Nov 2019

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NT news


The Northern Territory news; NewspaperNT






Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

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News Corp Australia

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Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia



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02 REALESTATE SATURDAY NOVEMBER 2 2019 REALESTATE.COM.AU NTNE01Z01RE - V1 MARKET PLACE SNAPSHOT NT NEWS MEDIAN PRICES HOUSES / $427,000 UNITS / $285,000 SALES TOP TEN SALES 1 12 Claymore Cct, Brinkin $1,300,000 2 12 Claymore Cct, Brinkin $1,300,000 3 20 Ward Cr, Muirhead $715,500 4 37 Bailey Cct, Muirhead $710,000 5 7 Raggatt St, East Side $620,000 6 4/292 Casuarina Dr, Rapid Creek $532,000 7 2/1 Winston Av, Stuart Park $485,000 8 21 Irvine Cr, Araluen $479,000 9 22 Matthews Rd, Malak $427,500 10 5 Latram Ct, Gunn $425,111 ON THE MARKET NUMBER OF PROPERTIES $0-$299,999 Houses 99 $0-$299,999 Units 200 $300,000-$499,999 Houses 419 $300,000-$499,999 Units 292 $500,000-$699,999 Houses 261 $500,000-$699,999 Units 87 $700,000-$999,999 Houses 140 $700,000-$999,999 Units 43 $1million+ Houses 41 $1million+ Units 7 TOP PRICE $1,300,000 12 Claymore Cct, Brinkin MEDIAN $365,000 2/74 Flynn Cct, Bellamack BARGAIN $120,000 44 Ringwood St, Southport PRIVATE TREATY 1860 LASTWEEK1870 AUCTIONS 71 LASTWEEK47 NEWLISTINGS 74 GENERAL TIMEON MARKET 92DAYS WANGURI 70 GSELL ST 3 1 2 North Property NT Kerri-Ann Laurence 0411 889 778 Abundant natural light floods this beautifully presented elevated home which showcases a lovely tropical garden outlook. Its made for entertaining with a large poolside patio, and theres plenty of space for active family living in the generous backyard. Its ideally set within walking distance to plenty of amenities. NEW LISTING HOUSE OPEN Make extra repayments trouble controlling spending and had mistimed their capacity to repay a mortgage. We have record low interest rates so the impact isnt so great at the moment, but when interest rates go up theyre going to be in a world of hurt, he said. Do a budget to find out your capacity to repay. The reason many people are in trouble is they have never done a budget and dont know what surplus they have. Mr Whitford said borrowers could also look at options such as downsizing to a cheaper home, consider working for longer, and ensure that adult children still living at home contributed financially. They should be paying rent or board, he said. If you dont have to retire, keep working because you are a long time retired. The longer you work, the less you need your superannuation. The Actuaries Institute report says retirees who own homes increasingly have mortgages, but warned that Rex Whitford, with wife Angela, said trouble controlling spending was common OLDER Australians are being urged to make the most of record low interest rates as a rising number of them enter retirement still saddled by a home loan. Many have been stung by a combination of high house prices, rising living costs and education fees, and adult children living at home well into their 20s and 30s. But there are ways to minimise the financial pain and become mortgage-free faster, finance specialists say. Its estimated that one in five homeowners aged over 65 have a home loan, according to a recent report by The Actuaries Institute. And separate research by Curtin University and RMIT University found the proportion of people aged 55 to 64 with mortgages had trebled from 14 per cent to 47 per cent in 25 years. Wealth for Life Financial Planning principal Rex Whitford said many people had downsizing might lead to a reduced age pension. It seems reasonable to expect a growing number of Australian retirees will use part of their superannuation balances at retirement to pay off their mortgage, it says. Financia managing director Angelo Benedetti said older borrowers had dipped into home loans to help their family. FOCUS: LUXURY UNIT LIVING STYLISH APARTMENTS ON OFFER AROUND THE TOP END 1 50/8 KNUCKEY STDARWIN CITY$640,000 With panoramic sea views from virtually all rooms, dont miss this prestigious penthouse unit, 2 401/286 CASUARINADRNIGHTCLIFF OFFERS OVER $490,000 A unique townhouse, this home offers living and courtyard. 3 220/19 KITCHENERDRDARWIN CITY $560,000 Bright, contemporary first-floor unit with corner balcony. 4 3/15 GARDENS HILLCRESTHE GARDENS OFFERS OVER $490,000 Unlike other townhouses, this unit offers plenty of living space. 5 320/19B KITCHENERDRDARWIN CITY OFFERS OVER $650,000 A spacious layout with privacy for each bedroom. 6 314/71C PROGRESSDRNIGHTCLIFF FASTRAK Unsurpassed ocean views and lush greenery in this unit. ADDRESS 26 Mueller Rd, Karama INSPECT Sunday 12.15-12.45pm PRICE FASTRAK INQUIRIES Elders Leanyer Derek Hart 0409 702 631 Anup Salvi 0412 589 977 ADDRESS 3001/27 Woods St, Darwin INSPECT Saturday/Sunday 12-12.30pm AUCTION Bidding from $550,000 on Saturday 16 November INQUIRIES Real Estate Central Susie Patton-Quinn 0423 368 858 ANTHONY KEANE

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