CoreLogic National housing Update August 2018
August Market Outlook
Hotspots: New report reveals top 50 ‘growth’ suburbs around the country
Preparing for a spring sale? Spruce up your home for less than $5K
Adelaide August 2018
Brisbane August 2018
Cairns August 2018
Canberra August 2018
Darwin August 2018
Gold Coast August 2018
Melbourne August 2018
Newcastle August 2018
Perth August 2018
Regional NSW August 2018
Regional QLD August 2018
Regional VIC August 2018
South West WA August 2018
Sydney August 2018
Wollongong August 2018
CoreLogic NSW housing Update August 2018
CoreLogic QLD housing Update August 2018
CoreLogic SA housing Update August 2018
CoreLogic VIC housing Update August 2018
CoreLogic WA housing Update August 2018
Borrowing for over 50s
3 innovative ways to break into the property market
Why should I get a pre-approval?
Darwin August 2018
The month in review: Darwin
By Herron Todd White
The Darwin of 1968 was a very different place to the Darwin that we see today. The official population in the 1966 census was about 21,000 although this number excluded the indigenous population, which was only included after the 1967 referendum (the 1972 census which included these numbers showed a population of about 36,000). The Greater Darwin area now boasts a population of about 130,000.
Despite the lessons of the 1937 cyclone, the urgent need for post-war housing meant that much of the construction was not of a standard to withstand cyclonic activity, which was to have tragic consequences years later. Nowadays building controls are strictly enforced with the result that Cyclone Marcus caused relatively little damage when it passed by Darwin earlier this year.
In 1968, the Northern Territory was still administered by the Commonwealth. Most of the urban land around Darwin was held under leasehold tenure. This year we are celebrating 40 years of self-government in the Northern Territory which brought in (amongst other things) freehold title to most of Darwin, giving landholders much greater certainty.
Fifty years ago, the urban areas of Darwin extended around the inner suburbs as well as some housing on the old World War II sites at Nightcliff. Areas such as Coconut Grove were still small farmlets and the land resumptions for the new satellite city of Palmerston had not been considered.
Suburbs such as Fannie Bay and Parap were developed in the early 1960s. A 3-bedroom dwelling in Nightcliff was advertised for sale in the NT News in 1968 for $22,000; a large sum for those days but only a small fraction of its value today.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.