DARWIN will have the second-highest median house price in Australia in three years, according to a new real estate outlook.
Northern Territory house prices are predicted to rise by up to 5 per cent this year because of strong demand and continued under-supply of vacant residential land, according to the First National Property Market Outlook.
The outlook, which is based on a survey of the organisation's more than 450 members across the nation, predicts annual rises in Darwin of four per cent, taking the median house price to $620,000 in 2013, below Sydney at $750,000 and above Melbourne at $610,000.... read more here