The home at 10 Ellengowan Drive, Nakara, sold for $883,000 in January. Picture: realestate.com.au
Darwin home prices were flat across January but remained at peak after shooting up $79,500 in 2025.
The latest PropTrack Home Price Index released on Monday revealed the Darwin median home price remained at a peak of $580,000 last month, unchanged from December, and was up 14.7 per cent year-on-year.
Darwin house prices increased 0.1 per cent in January and 15.5 per cent in the past year to a median of $665,000.
This equated to an annual of increase of $96,300 for local house buyers.
Unit prices dipped slightly month-on-month, down 0.2 per cent, but were up 12.6 per cent year-on-year.
This saw unit prices jump $50,500 since January 2025 to a median of $441,000.
REA Group senior economist and report author, Angus Moore said traditionally Darwin’s property market was lighter in January and more volatile in general compared to other capital cities.
“It’s a smaller market, and so smaller shifts can have a bigger impact,” he said.
“Over the last year, Darwin’s been quite strong, with growth at nearly 15 per cent.
“We are seeing a lot of investor activity in Darwin.
“The share of loans going to investors in the NT is at record highs at the moment, so that’s certainly driving some housing demand.”
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REA Group senior economist Angus Moore. Picture: Supplied
Regional NT home prices dropped 0.2 per cent in January and saw moderate growth of 1.2 per cent year-on-year, to sit at $342,000.
This was a 2.6 per cent drop from the most recent peak in June 2022.
The median house price in regional NT was down 0.3 per cent in January and up 0.7 per cent in year-on-year to $366,000.
Unit prices were up 0.1 per cent month-on-month and 3.3 per cent year-on-year to $316,000.
The PropTrack report showed national home prices posted modest gains in January, with price falls in Melbourne, Hobart and Canberra offset by rises elsewhere.
Home prices nationally increased by 0.2 per cent over the first month of 2026 to sit 8.4 per cent higher than a year ago.
This increase brought median home values to a new record of just over $880,000.
“Sydney and Melbourne have seen home price growth soften in recent months,” Mr Moore said.
“Melbourne has posted three months of modest declines, and while Sydney prices were up in January, they are below their recent peak.
“Ample choice for buyers in these cities throughout spring has likely contributed to the softer price growth.
“In contrast, Brisbane, Perth and Adelaide have continued to see strong growth, outperforming the larger capitals amid very limited choice for buyers.”
The home at 1 Kentia Grove, Durack, sold for $650,000 in January. Picture: realestate.com.au
Mr Moore said January was a relatively quiet month for housing markets, with lighter sales volumes, which made it harder to assess the momentum in home prices.
“While conditions were softer in Sydney and Melbourne in recent months, home prices are still likely to head to new highs in 2026, but at a slower pace of growth than in 2025,” he said.
Mr Moore said price growth in 2025 was supported by three rate cuts, but a rate rise at the Reserve Bank’s February meeting was now looking likely, with inflation coming in stronger than expected in the second half of 2025.
“While the possibility of further hikes may weigh on the market, unemployment remains very low, which will support demand,” he said.
“At the same time, new housing supply remains limited, supporting home prices.”
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