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Property sentiment in Darwin is strong, with many agents reporting increasing numbers of potential purchasers, said Will Johnson, Northern Territory local expert at HTW.
The city’s vacancy rate has dropped to 1.6% in July, the lowest level recorded since March 2008. The conditions of Perth’s rental market indicate a substantial imbalance between supply and demand.
Before COVID-19 took its toll on the economy, several factors indicted growth across the state's dwelling markets, particularly in the South East Queensland (SEQ) region, according to CoreLogic.