Darwin Quarterly Residential Report - Dec 2009

Darwin Still On The Move

As usual, Darwin continues to defy logic (that is, prices can only go so far) and has had another price increase in the December quarter. The reality is however that Darwin has a strong fundamental base supported by an increasingly diverging employment platform and high levels of capital injection. In the December quarter there were 414 building approvals which is a 35.7% increase on the previous quarter while housing finance commitments were down 8.44%.

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