Territory Stories

The Northern Territory news Sat 16 Apr 2022

Details:

Title

The Northern Territory news Sat 16 Apr 2022

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2022-04-16

Language

English

Subject

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

Publisher name

News Corp Australia

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/869965

Citation address

https://hdl.handle.net/10070/870141

Page content

02 April 16, 2022 NT News Snapshot NT News Median Houses $580,000price Units $387,750 NEW 68LISTINGS Private 1080Treaty Last Week 1064 Auctions 17Last Week 21 SALES TOP 10 PRIVATE TREATY 1 21 Martin Cr, Coconut Grove $1,001,000 2 2/46 East Point Rd, Fannie Bay $890,000 3 52 Damabila Dr, Lyons $800,000 4 101/130 Esplanade, Darwin City $725,000 5 67 Tiwi Gardens Rd, Tiwi $715,000 6 2 Myrtlewood Cr, Zuccoli $585,000 7 5 Terry Dr, Gunn $510,000 8 7/13 Quandong Cr, Nightcliff $500,000 9 2/77 Antonino Dr, Rosebery $450,000 10 3 Halpin St, Malak $445,000 ON THE MARKET NUMBER OF PROPERTIES $0-$299,999 Houses 5 $0-$299,999 Units 88 $300,000-$499,999 Houses 117 $300,000-$499,999 Units 205 $500,000-$699,999 Houses 183 $500,000-$699,999 Units 73 $700,000-$999,999 Houses 71 $700,000-$999,999 Units 32 $1million+ Houses 28 $1million+ Units 12 TOP PRICE $1,405,000 22 Dudley St, Rapid Creek MEDIAN $510,000 5 Terry Dr, Gunn BARGAIN $220,000 3/121 Flynn Cct, Bellamack 8 Milula St LYONS Bold to colon: Text is Guardian Sans Regular 9 on 10. The Bold is as it says. The same but font weight is Bold. images: have 5pt space around them numbers: Neue Haas Grotesk, 55 Roman, 12 point suburb address 1 2 34 2 2 Perfectly set on a slightly elevated corner allotment, is this master built executive home with every wish list item you could ever desire at your fingertips. Easter eggs will soon be spreading their chocolatey goodness across Aussie suburbs, but theyre not the only type of Easter egg that can make property watchers smile. Increasingly popular in movies, video games and other media, Easter eggs have another definition: a surprise bonus hidden inside something that brings happiness to those who find and understand it. Think of Star Wars droids R2D2 and C3PO making a surprise appearance in Indiana Jones and the Raiders of the Lost Ark, or ET appearing in a Star Wars film, or a Captain America movie celebrating Samuel L Jacksons classic Pulp Fiction character, or the free dinosaur game you get by typing chrome:// dino/ into your Google browser. And, just quietly, theres a few Easter eggs hidden in Australian housing at the moment on top of those silently sitting in the closets and cupboards of peoples homes. Amid increasing worries about the Reserve Banks looming interest rate rises and falling house prices, there are pockets of positive surprises awaiting homeowners, home buyers, investors and renters. THE JUNGLE GETS NICER In recent times Australians have been aggressively fighting for housing, whether buying or renting. As prices cool and supply pressures are eased by rising mortgage interest rates, the battle wont be so scary. PRICE CRASH PREVENTED For two years there has virtually been no immigration as Covid shut down our international borders. Yet in that time our property prices have climbed strongly. Its a good sign for housing strength when population growth resumes and why wouldnt people want to live here? Some people may think heavy property price falls are coming, but they may be forgetting that hundreds of thousands of new Australians will be moving here in the next few years helping to keep demand for housing solid. MORE MONEY IN YOUR POCKET Interest rates rise because inflation is rising, and rising inflation should bring rising wages. The ultra-low interest rates weve had for several years have been great for borrowers, but have meant weak wages growth and almost no benefits from bank deposits for savers, retirees and first home buyers. Rate rises will push up mortgage costs but also deliver extra income. A TRAVEL BONUS Aussies have been starved of international travel since early 2020, and many are tentatively planning to head overseas soon. A positive surprise from rising interest rates is often a higher Australian dollar, giving travellers more purchasing power overseas. When the Reserve Bank raises rates, it makes Aussie dollars more attractive for overseas investors pushing up their value. INVESTMENT CHOICE Even if housing looks a little shaky in your capital city, Australians can freely invest in other states where real estate price cycles are different and bargains may be more freely available. This investment choice also delivers potential tax and diversification benefits to investors, so dont discount it. My glass half full approach towards real estate may seem too positive for some people, but remember that this long weekend is all about the celebration of miracles. Property surprises with an Easter twist Real estate surprises come with a sweet Easter flavour to take the edge off increased worries Theres a few Easter eggs hidden in Australian housing at the moment on top of those silently sitting in the closets and cupboards of peoples homes. Amid increasing worries about the Reserve Banks looming interest rate rises and falling house prices, there are pockets of positive surprises. Anthony Keane Personal finance writer