5 reasons why buying in Darwin and its surrounding suburbs is an excellent investment
A strong job market, commercial property development, tourism, there are many reasons why buying a property in the Northern Territory is an attractive investment. We've listed our top five reasons below.
1. Economic development
The Australian Government recognises that the Northern Territory is crucial to the nation's economic development and is committed to taking action to enhance business trade and investment, land, infrastructure, workforce and water in this area.
2. Gateway to Asia
Darwin is closer to Asia than it is to Sydney. This reduced shipping time provides major trade advantages over other Australian states. It's a key factor to the NT's economic prosperity.
3. Commercial investment
Travel beyond the Berrimah line to Palmerston and Coolalinga and you'll find the brand new Gateway Shopping Centre and Coolalina Central Shopping Centre. Convenience on your doorstep and reassurance that commercial property developers are investing in bricks and mortar assets, we think these are excellent reasons to consider making these locations your home.
4. Strong job market
The latest CommSec report from earlier this year states that the Northern Territory has the strongest job market in the nation. The low jobless rate makes the NT a reassuring place to settle.
The Northern Territory Government aims to grow the number of visitors to the Territory through an initiative called Tourism Vision 2020. Investment is being made to provide new experiences and enhance current activities.