Regional NT September 2018

The month in review: Regional NT

By Herron Todd White
September 2018

Alice Springs

The Alice Springs market traditionally enjoys a livelier period during the spring months and heading into December with sales numbers generally well up on the previous quarter, including over recent years when the market has been declining.

Being a transient location, this is in part due to the comings and goings as people relocate towards the end of the year however as the chilly mornings and frosts leave us, the presentation of well-kept gardens shines through and spring proves the best time to sell.

The market has shown mixed results in recent months which is likely to continue. Recent shining lights include the rural residential market with more sales above the $1 million mark and the Old East Side area continuing to be popular.

Units continue to be generally soft, more so for older 1980s 2-bedroom townhouses which have continued to decline in value however more are starting to sell which is a positive sign. New and modern units have proved more resilient with good demand and stable price levels.

We look forward to the traditional uplift over the next couple of months particularly after an extended period of stabilisation and with some new developments starting construction it will be another interesting quarter.