Darwin is a few years into a decline in the market (20+%) and an apartment glut. There are still a few OTP high-rise in the final stages of being built - yet the prices being asked are still at boom prices. A swish 2br is easily findable at 450k. Spend another 5 mins doing research and 400k is achievable as well. So why are the developers still asking 600k+ for a new OTP 2br apartment? 17/25 Duke Street Stuart Park NT 0820 17/25 Duke Street Stuart Park NT 0820 - Apartment for Sale #122726478 - realestate.com.au How on earth would this sell? If so, who would buy such a thing? Do agents groan when given these listings or love em? Confused and genuinely interested to get some insight into their thinking.