Looking at the latest capital city property figures from CoreLogic, Australian real estate has one obvious outlier.
Right now, Perth, Brisbane and Adelaide remain at record high prices, while other cities like Hobart, Canberra and Melbourne are feeling the serious impact of rate hikes, still below their 2022 price peaks.
However, astonishingly, Darwin remains 6.6% below its record property market, a level it hasn’t exceeded since May of 2014 – almost a decade ago!