does anyone invest in the NT and if so where?
Yes, best places anywhere near the golden triangle CDU, Casuarina shops and Hospital. Nightcliff foreshore. Palmerston CBD.
I've invested in Gunn-a suburb of Palmerston (satellite city of Darwin). Bought in September 2005 for $250k now rents for $300/week probably worth $340-$350K at the moment.
Managing agent fees are 8.8% inclusive of gst. Trades to repair stuff are expensive. Most houses have airconditioners and these can cost to replace/repair. Rent deamnd is strong. Economy is still very strong…not looking like cooling too much.
Happy with investment in Darwin at the moment.
Ajax
P.S. Residex still say high growth for Gunn…predicting 14%pa for next 5 years and rental return at around 5%
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