The Northern Territory is home to some of Australia’s greatest national treasures, with the likes of Uluru and Kakadu National Park amidst its ranks. What’s also great is the rise in property prices across the state, where house and unit prices have grown 8.5% and 9.1% respectively, over the last 12 months. Just next door to the West MacDonnell ranges, Alice Springs has shown promising growth, ensuring the real estate commission will likely stay lower than that of the state average. Katherine, just south of Kakadu, has also undergone blistering growth, though houses have tended to stay on the market for longer than usual, at 90 days on the market as the average.
There are no pricing regulations on real estate commission in the Northern Territory, and due to the large number of rural and regional areas, the average real estate agent commission is typically higher than the Australian average. The town of Ghan, near the South Australian border, may however be seeing low real estate commission, due to high property prices, with properties property fetching as much as $2.8 million in the last year.
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