Revealed: How much Darwin house prices will rise by 2025

Darwin home prices are set to increase by 14.5 per cent by 2025 with the average cost of a home rising to more than $76,000 last year.

The latest PropTrack Home Price Index revealed that the median home price in the NT capital stood at $578,000 in December, up $76,600 year-on-year.

Home prices have also increased by 37 percent over the past five years.

The median house price in Darwin increased 0.1 per cent in December to $657,000, and rose 14.7 per cent, or $89,100, by 2025.

Unit prices fell slightly last month, down 0.1 percent, but rose 13.9 percent over the past 12 months to a record $444,000.

Local property expert Darren Hunt of Real Estate Central Projects said his agency’s data, based on sales rather than residential properties, showed price growth of about 20 per cent over the past year in the Darwin housing market.

“The information that will be published in two or three months is the data we have now,” he said.

“The market is very tight with limited supply and rising prices, and that looks set to continue into the New Year.”

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Darren Hunt of Real Estate Central Projects. Photo: Provided

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Mr Hunt said the Darwin market had slowed down in the run-up to Christmas but would be back in gear in late January.

“We will see a big improvement in the price of units and apartments this year,” he said.

“The $550,000 – $700,000 market will remain very strong in Darwin, and it was expected that the top end of the market, the $1m-plus bracket, would see signs of new found energy.”

Mr Hunt said he expected demand to remain high because of Darwin’s affordable properties.

“Everywhere in the country is expensive and Darwin is the most affordable capital to buy property in,” he said.

“If you’re a first home buyer, maybe interstate, Darwin is the place to look.

“It’s a land of opportunity and a way of life is second nature.”

The PropTrack report showed home prices in the NT region fell 0.1 per cent in December and rose 3 per cent year-on-year to settle at a median of $342,000.

Nationally, home prices rose 8.8 percent by 2025 and 49.1 percent over the past five years to settle at an average of $880,000.

REA senior economist Anne Flaherty. Photo: Provided

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REA Group chief economist Anne Flaherty said house price growth was mixed across the country in December.

“Adelaide, Brisbane and Perth recorded strong gains for the month, while prices fell in Sydney and Melbourne,” he said.

“Regional areas have done better than big cities, recording price increases over the month and year.

“With Perth, Brisbane, and Adelaide being the best performing city markets last year, their regional markets also led to growth in the region.”

Ms Flaherty said house prices are forecast to rise in 2026, however the pace of growth is expected to slow.

“Price growth in 2025 is supported by three price cuts,” he said.

“This year, no further reduction is expected, and prices may increase if inflation continues.

“Resistance to this storm, however, is limited by the supply of new housing and continued demand.

“The Australian Government 5% Deposit Scheme is also likely to support price growth by boosting demand, particularly at the low end of the market.”