Darwin Property Market – Prices, Trends, Forecast [December 2025]

Darwin’s housing market is in a strong upswing. Dwelling values rose 1.9% in November and 5.7% over the quarter, taking annual growth to 17.0%. The median dwelling value is about $578,900, which keeps Darwin relatively affordable compared with the larger capitals while still delivering rapid capital gains.

Market Highlights

• Dwelling values rose 1.9% in November and 5.7% over the quarter, making Darwin one of the fastest growing capital-city markets.
• Annual dwelling value growth is 17.0%, with a median price around $579,000, keeping the city relatively affordable compared with larger capitals.
• Both houses and units are in strong upswing, with house values up 17.8% and unit values up 15.3% over the year.
• Rents are rising quickly, with house rents up about 8.1% and unit rents up 9.5% annually, reflecting a very tight rental market.
• Gross rental yields sit near 6.3% for dwellings, the highest among the capitals, with units yielding about 7.5%, which is highly attractive to income-focused investors.
• The combination of rapid capital growth, high yields and lower entry prices positions Darwin as a high growth, high income market, albeit one that remains sensitive to shifts in the local economy.

Housing Metrics Overview

See how Darwin’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Darwin Property Price Growth

Price growth is broad based across both houses and units. House values increased 2.1% in November and 5.5% over the quarter, with a 17.8% rise over the year. Units rose 1.6% for the month, 6.2% for the quarter and 15.3% annually. Over the past five years, Darwin dwelling values have climbed close to 39%, which highlights a strong medium term performance in a relatively small and cyclical market.

View the latest property value movements across Australia’s capital cities. Use the filters to explore monthly, quarterly, and annual changes by dwelling type and region. Data sourced from CoreLogic.

Darwin Property Market Trends

Buyer demand is supported by Darwin’s combination of lower entry prices and high rental returns. Gross rental yields sit around 6.3% for dwellings, with houses yielding about 5.7% and units about 7.5%, the highest yields among the capitals. Rents are rising quickly, with house rents up roughly 8.1% over the year and unit rents up about 9.5%. These conditions point to tight rental supply and strong interest from yield focused investors.

The table outlines CoreLogic’s Home Value Index as of 1st December 2025, showing peak declines, five-year growth, and changes since the first rate cut in February.

Darwin Property Market Forecast

Darwin is likely to remain one of the more volatile but higher growth markets. High yields and comparatively low prices should continue to attract investors and some owner occupiers, especially those seeking value outside the larger east coast cities. At the same time, the market will remain sensitive to shifts in local employment, population flows and borrowing capacity, which can quickly influence demand in a smaller capital.

The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.

Here are some of the most recent forecasts by the big-4 banks in Australia:

• ANZ predicts a 5-6% increase in capital city property prices in 2024, with Brisbane expected to see the highest rise at 9-10%, Perth property values could go up by 1-11%, Sydney by 4-5%, and Melbourne prices by 2-3%.
• CBA forecasts a 5% rise in capital city prices, with some variations: Brisbane is anticipated to grow by 6%, Melbourne and Perth by 5%, Sydney by 4%, and Adelaide by 1%.
• NAB projects a 5.4% average increase across the capitals, with Brisbane expected to see a 6.5% rise, Perth and Adelaide by 6.2%, Melbourne by 5.5%, Sydney by 5%, and Hobart remaining flat.
• Westpac expects a 6% growth across the combined capitals, with Perth leading at 10%, followed by Brisbane at 8%, Sydney at 6%, Adelaide at 4%, and Melbourne at 3%

Oxford Economics recently released property forecasts predicting where house prices will be in three years.

Conclusion

Darwin stands out as a high growth, high yield capital city market. Values are rising at a rapid pace, rental conditions are tight and returns are attractive. The outlook points to ongoing gains, although outcomes will depend heavily on wider economic conditions and the usual swings that come with a compact and resource exposed housing market.

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