Capital city of the Northern Territory, sitting on Australia’s northern coast to the west of Kakadu National Park, Darwin has been standing firm on the property market front, with little change in unit prices and a minor slump in house prices. The naturally opulent Coconut Grove, on the western coast of the city, has performed fantastically over the past 12 months, with auction clearance rates reaching a perfect 100%.
In regional Darwin, reports are also positive, with the suburb of Southport, in the fork of the Blackmore River, finding a highest price paid of $510 thousand for the previous year, likely increasing desirability in the area for property managers.
What you need to know about property management in Darwin
It’s essential for property managers to excel in a few keys areas of property management, like keeping updated on relevant laws and taking responsibility for rent. Property management can be applied to many different properties, from large apartment blocks in the inner city suburb, Stuart Park, to vast country homes in the east, near Howard Springs Hunting Reserve. Because of the diversity in properties, it’s important that you consider property managers carefully.
What to consider when finding the right property manager for your property
- In metropolitan areas, like the CBD, the number of options available to you for property managers is greater, making it especially important to compare agents before making a decision.
- Look at what method of property management is most suited to your property; rural areas, like south west Weddell, will need property managers with reach to advertise beyond the suburb.
- Property management is a bridge between you and your tenant, and it’s not just a one-time transaction; you may work with them for years, so think carefully before deciding.
Want to find out what property managers are charging in Darwin?
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