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New NT Labor Gov't - housing relief package

Discussion in 'General Property Chat' started by herenow, 28th Aug, 2016.

  1. herenow

    herenow Well-Known Member

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    16th Aug, 2015
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    Location:
    SA
  2. Switchtronics

    Switchtronics Active Member

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    10th Oct, 2015
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    Location:
    Alice Springs
    Be interesting to see if that boosts the median housing market and gets first home owners back into the market. Was definitely a strategic campaign to get labour into power
     
  3. hammer

    hammer Well-Known Member

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    28th Aug, 2015
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    Location:
    Darwin
    It should help for a few months.

    The real problem is the fundamentals in the NT aren't great...

    The housing grant will help, but I am not sure if it is a solution per se.
     
  4. annaw5599

    annaw5599 Active Member

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    20th Mar, 2016
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    Location:
    Wynyard
    I'm still undecided what to do with our apartment up there ...
     
  5. Switchtronics

    Switchtronics Active Member

    Joined:
    10th Oct, 2015
    Posts:
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    Location:
    Alice Springs
    One positive thing with nt is still yield, although Darwin will most likely see a drop in yield with more competition. Alice Springs and Tenant Creek seem to hold their own in yield and even capital growth. The market is definitely not as buoyant there as previous but strong rental yields