Darwin home to three of Australia’s fastest-selling suburbs

Darwin had the fastest-selling suburb for homes across the country last financial year, with new data revealing the Northern Territory’s housing market was one of Australia’s best performers.Research by REA Group found houses in the suburb of Gray had the lowest median days on market over the last 12 months, typically selling after just nine days.Darwin had the fastest-selling suburb for homes throughout all of Australia in the last financial year, with homes in Gray selling after just nine days on the market.Wanguri tied for second place nationally at a median of 10 days, while Farrar ranked sixth place with a just 12 days before a sale.REA Group senior economic analyst Megan Lieu said Darwin’s 17 per cent home price growth made it one of the fastest-growing capitals, with high interest from both owner-occupiers and investors.“There’s really strong demand at the moment because of affordability, and investors over the last year have been really drawn to Darwin and the NT,” she said.“There’s a lot more competition on the properties, and they’re staying on the market for shorter periods of time.”REA Group senior economic analyst Megan Lieu said Darwin was one of the country’s fastest...