Home prices shot up 14.5 per cent in 2025. Picture: Matty Schiller
Darwin home prices shot up 14.5 per cent in 2025 with the average cost of a home surging more than $76,000 in the past year.
The latest PropTrack Home Price Index revealed the median home price in the NT’s capital was sitting at $578,000 in December, up $76,600 year-on-year.
Home prices were also up 37 per cent over the past five years.
The median house price in Darwin lifted 0.1 per cent in December to $657,000, and was up 14.7 per cent, or $89,100, across 2025.
Unit prices dipped slightly last month, down 0.1 per cent, but were up 13.9 per cent in the past 12 months to a median of $444,000.
Local property expert, Darren Hunt of Real Estate Central Projects, said his agency data, based on sales rather than settlements, was showing price growth of about 20 per cent in the past year in the Darwin real estate market.
“The data that will be published in two or three months is data we have at our fingertips now,” he said.
“The market is very strong with limited availability and increasing prices, and that looks like it will continue well into the New Year.”
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Darren Hunt of Real Estate Central Projects. Picture: Supplied
Mr Hunt said the Darwin market slowed down towards Christmas but would get “back into gear” in the later part of January.
“We will see significant improvement in units and apartment prices this year,” he said.
“The $550,000 – $700,000 market will remain super strong in Darwin, and it also expected the upper end of the market, the $1m-plus bracket, will see signs of new found strength.”
Mr Hunt said he expected demand to remain high due to Darwin’s affordable property offerings.
“Everywhere else in the country is expensive and Darwin is by far and away the most affordable capital city to buy property in,” he said.
“If you’re a first homebuyer perhaps interstate, Darwin is the place to look.
“It’s the land of opportunity and lifestyle is second to none.”
The PropTrack report showed home prices in regional NT dipped by 0.1 per cent in December and increased by 3 per cent year-on-year to sit at a median of $342,000.
Nationally, home prices increased 8.8 per cent in 2025 and 49.1 per cent in the past five years to sit at a median of $880,000.
REA Group Senior Economist Anne Flaherty. Picture: Supplied
REA Group Senior Economist Anne Flaherty said home price growth was mixed across the country in December.
“Adelaide, Brisbane and Perth recorded strong gains over the month, while prices dipped in Sydney and Melbourne,” she said.
“Regional areas outperformed the capitals, recording higher price growth over both the month and the year.
“Just as Perth, Brisbane, and Adelaide have been the best performing capital city markets over the past year, their respective regional markets have likewise led growth regionally.”
Ms Flaherty said home prices were predicted to head to new highs in 2026, however the pace of growth was expected to slow.
“Price growth in 2025 was supported by three rate cuts,” she said.
“This year, no further cuts are expected, and there is a possibility rates could rise if inflation persists.
“Counteracting this headwind, however, is limited new housing supply and persistent demand.
“The Australian Government 5 per cent Deposit Scheme is also likely to support price growth by driving up demand, particularly at the more affordable end of the market.”
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