Northern Territory

Benchmark April18

Transactional activity has shown a consistent rebound across the regional areas of Northern Territory since the market moved through a recent trough in late 2016. The number of settled regional property sales has increased by 11.4% over the past twelve months, however the surge in market activity was confined to the residential sector where sales were 16.6% higher. Non-residential sales were down 5.3% over the year. The value of regional sales across Northern Territory has also shown some improvement, with the gross value of sales 12.6% higher year Price Trends Gross value of sales – rolling 12 months Residential houses (Less than 4 Ha) 240 180 120 60 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 Agriculture/Rural Less than 40 Ha 40 30 20 10 Agriculture/Rural 40 Ha to 100 Ha 24 18 12 6 Agriculture/Rural 100 Ha to 1,000 Ha 16 12 8 4 Agriculture/Rural 1,000 Ha+ 12 9 6 3 26 | www.landmarkharcourts.com.au on year. Once again, the strength was entirely attributable to the residential sector of the market where the overall values of property sales was up 29.7% over the year, offsetting a 25.6% fall in the value of non-residential sales. Transactional activity across the regional market was largely skewed towards the residential housing sector which comprised 79.8% of all regional Northern Territory sales. NOV 13 NOV 14 NOV 15 NOV 16 Left axis: Total value of sales $ (millions) Right axis: Number of sales 600 450 300 150 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 100 75 50 25 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 72 54 36 18 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 16 12 8 4 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 4 3 2 1 NOV 17 0 0 2017 2016 352 302 446,000 410,000  8.8% q–5.5% 2017 2016 41 36 350,000 444,000 q–21.2%  18.4% 2017 2016 44 43 237,500 268,000 q–11.4%  7.2% 2017 2016 3 14 N/A $470,000 N/A N/A 2017 2016 1 1 N/A N/A N/A N/A Northern Territory


Benchmark April18
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