Territory Stories

The Northern Territory news Sat 5 Oct 2019



The Northern Territory news Sat 5 Oct 2019

Other title

NT news


The Northern Territory news; NewspaperNT






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

Publisher name

News Corp Australia

Place of publication


File type



Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia



Parent handle


Citation address


Page content

02 REALESTATE SATURDAY OCTOBER 5 2019 REALESTATE.COM.AU NTNE01Z01RE - V1 MARKET PLACE SNAPSHOT NT NEWS MEDIAN PRICES HOUSES / $450,000 UNITS / $330,000 SALES TOP TEN SALES 1 16 Brumby Ct, Marlow Lagoon $760,000 2 34 Jacksonia Cct, Nightcliff $580,000 3 80 Abrus Rd, Humpty Doo $570,000 4 3 Wandie Cr, Anula $433,000 5 8 Cora Cr, Gillen $425,000 6 14/4 Mitaros Pl, Parap $390,000 7 5/2 Mangola Ct, Larrakeyah $360,000 8 16 Creber Ct, Karama $350,000 9 9 Turana St, Batchelor $290,000 10 7 Luther Ct, Gray $280,000 ON THE MARKET NUMBER OF PROPERTIES $0-$299,999 Houses 87 $0-$299,999 Units 201 $300,000-$499,999 Houses 429 $300,000-$499,999 Units 291 $500,000-$699,999 Houses 253 $500,000-$699,999 Units 90 $700,000-$999,999 Houses 149 $700,000-$999,999 Units 45 $1million+ Houses 36 $1million+ Units 5 TOP PRICE $760,000 16 Brumby Ct, Marlow Lagoon MEDIAN $360,000 5/2 Mangola Ct, Larrakeyah BARGAIN $196,500 2/8 Malabar Ct, Larrakeyah PRIVATE TREATY 1850 LASTWEEK1874 AUCTIONS 56 LASTWEEK54 NEWLISTINGS 41 GENERAL TIMEON MARKET 88DAYS WATERFRONT FASTRAK 1 1 1 Elders Real Estate Derek Hart 0409 702 631 The Waterfront Wharf Precinct has undoubtedly become one of Darwins most premier and signature addresses, boasting doorstep access to an array of reputable venues all conveniently within walking distance to the CBD. This is a perfect opportunity to be seized by the corporate couple, single or investor. NEW LISTING HOUSE OPEN CREDIT card use has been slowing but these little pieces of plastic remain Australias most widely used form of debt, and still deliver a painful financial punch. Reserve Bank of Australia data shows there are almost 21 million credit cards in circulation nationally. Some people use them as a tool to manage monthly cash flow, others collect reward points to fly free across Australia or globally, but many are stuck paying huge interest bills on their outstanding credit card balances. RBA statistics show while card numbers have dropped 6 per cent in two years, Australians still collectively owe $50 billion on their credit cards, with $30.6 billion of that accruing interest. At a typical interest rate of 20 per cent, a credit card debt left unchecked doubles in fewer than four years. Fortunately, following some simple rules can help consumers avoid a debt spiral. Dodge credit card debt KNOW YOUR LIMITS Maxed-out credit cards are more common than you might think, and theyre one of the biggest money-suckers around. A review of credit card lending released last year by the Australian Securities and Investments Commission found that close to one million consumers struggle with persistent card debt. ASICs MoneySmart senior executive Laura Higgins said many people failed to understand how fast an interest bill ballooned if it was not paid off monthly. All of us would say, if giving advice to our younger selves, is make sure you have a credit card with a very sensible limit and intend to pay it off every month, she said. Someone with a $10,000 debt making only minimum repayments will end up paying $45,000 of interest on that debt over four decades, ASICs calculator shows. GRAB THE SCISSORS If you cant regularly repay your credit card debt within its interest-free period, seriously consider destroying the card. There are alternatives. Debit cards have been growing in popularity and use peoples own money other than credit. Balance transfer credit cards allow people to switch their debt to a new card charging zero interest for a period, while low-rate credit cards charge around 12 per cent interest rather than the 20 per cent standard hit. Consolidating high-interest credit card debt into a lowinterest mortgage can be a good strategy as long as you maintain repayment levels to wipe out the debt quickly. ASK YOURSELF ONE BIG QUESTION Why do you have a credit card? Consumer finance specialist Lisa Montgomery said a card should match your needs. If its to supplement your income and you have a balance at the end of the month, then choose one of the lower interest rate cards with low fees, Ms Montgomery said. If you are points driven, you have got to look for a card thats going to match the benefit categories that you want to take advantage of, and match your spending habits with that program. READ THE FINE PRINT Understand what conditions apply on the card, Ms Montgomery said. Fees and charges are just the start. Also know the interest rate, how many days you have interest free, and conditions for balance transfer cards and other products. PLAY WITH POINTS WISELY Credit card reward programs are not worth the effort if you are paying interest on the card each month. Peoples Choice Credit Union spokesman Stuart Symons said such cards often came with higher annual fees and interest rates. Primarily look to how you use your credit card as a method of financing your needs not as a secret key to unlock more consumer dreams, he said. However, savvy point collectors can still enjoy benefits. Free flights usually offer the best rewards, while some cards offset their annual fees with travel credits or other bonuses. SECURITY CHECK Mr Symons said credit cards could be a fraud risk. The best thing to do is to keep a regular eye on the transactions passing through your account using your banking app, he said. Also look at each monthly statement and check off your receipts. This has an added bonus you will be more aware of what you are spending, where and when. AVOID CASH ADVANCES Withdrawing money from credit card accounts at ATMs, buying travellers cheques and gambling transactions are all examples of cash advances.. Cash advances often come with extra fees and higher interest rates. FOCUS: HOMES ON A HIGH LOOKING TO MOVE INTO A TYPICAL DARWIN HOME ON STILTS? WEVE GOT YOU COVERED 1 17 GOTHENBURG CRESSTUART PARK$929,000 Architecturally designed home takes full advantage of tropical breezes all year round. 2 6 NEMARLUK CTLUDMILLAAUCTION OCTOBER 29 AT 6PM Rejuvenating views of nature from all rooms & verandas the perfect retreat after a long day at work. 3 9 MULLAMULLA CCTKARAMAAUCTION OCTOBER 8 AT 6PM This elevated tropical home is immaculately presented throughout. 4 8 HOTHAM CTLEANYERFASTRAK From the Balinese pool side retreat to the space under the elevated home, this home is simply perfect. 5 35 VRD DRLEANYER$595,000 This well-proportioned 3 bedroom elevated home makes for a very comfortable easy living family home. 6 60 NEMARLUK CTLUDMILLAAUCTION OCTOBER 24 AT 6PM This spacious elevated home is proudly positioned on a corner allotment, offering multiple living options. ADDRESS 3 Broadbent St, Parap INSPECT Saturday 10.45am to 11.15am AUCTION Wednesday October 16 INQUIRIES First National ODonoghues Tim Mackenzie 0417 396 472 ADDRESS 14 Bul Bul Ct, Ludmilla INSPECT Saturday 9.30am to 10am PRICE $649,000 INQUIRIES Real Estate Central Sascha Smithett 0414909506 ANTHONY KEANE