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I have lived in Darwin for 5 years now, bought a home 3 years ago and recently purchased a block of 4 2 bed Units. I have watched the market constantly for the past 18 months. I think it’s still running, there’s lots of development going on, and rental vacancy is at an all time low. I received 60 phone calls on my first advert for 2 bed Unit and had 30 people fill out applications.
It’s not easy to find the right property, as prices are still going up. Palmerston has gone through a boom in the last 6 months, but I always believe that your return and or rental is always going to be better in town/northern suburbs.
Darwin is very transit too and for 6 months of the year holiday letting is not available. I had a fellow offer me $500 a week rent for a month for a Unit I normally rent for $170 per week.
I am constanly looking so I can give you heads up if I come across something?
Good Luck
Sheryl[biggrin]xxxx
I am currently working fill-in at a backpackers. The name is something I’m not sure about, but, listing with Hostel world will definetly get you on the right track. They take a commission but I have several booking per day from all over the world. Most backpackers use the internet, so having a good website where they can book direct will get you on the fast track, at the moment everything in th NT is almost fully booked!
Most backpackers give their credit card details on their booking forms, you need this because if they dont turn up they are aware they will get charged a booking fee. $60.00 a double is normal, and this is without ensuite.$20 a dorm , which normally fits 4-6 beds in one room.If you can get yourself selling Tours, this will also get you between 10-30% commission. A lot ask for hire bikes. hope this has helped. I have been thinking about this one myself as sometimes you will have people that need to stay about 3 months for all sorts of reasons, and real estate agents will not look at anyone under 6months. These may fill your times when tourists are low.
Hope this has helped, good luck.
Sherylxxxx
