Housing


This section provides analysis on the performance of the Northern Territory's (NT) residential housing market, including property prices and rents by region, housing affordability and finance commitments, and building activity and approvals.

Key facts | Greater Darwin | Alice Springs | Katherine | Tennant Creek | Capital city comparison | Housing finance commitments | Affordability | Dwelling supply | Explanatory notes

Key facts

Greater Darwin

In the March quarter 2022 the:

Alice Springs

In the March quarter 2022 the:

Katherine

In the March quarter 2022 the:

Caution should to be used when interpreting quarterly movements for Katherine, as the small size of these markets and low number of sales can lead to volatile results.

Tennant Creek

In the March quarter 2022:

Caution should to be used when interpreting quarterly movements for Tennant, as the small size of these markets and low number of sales can lead to volatile results. Consequently, the Real Estate Institute of the Northern Territory does not report sales, rental prices or vacancy rates for units in Tennant Creek.

Capital city comparisons

In the March quarter 2022:

Housing finance commitments

In the year to March 2022:

For the latest data and analysis about housing finance commitments in the NT, see the Department of Treasury and Finance’s Housing finance for owner occupation economic brief.

Affordability

In the March quarter 2022:

Dwelling supply

For the latest data and analysis about building approvals and building completions in the NT, see the Department of Treasury and Finance’s economic brief Building approvals and Building activity and the Construction industry page.

Explanatory notes

NT median house and unit prices and rents are sourced from the Real Estate Institute of the Northern Territory (REINT). REINT groups the regions of Darwin and Palmerston together as Greater Darwin. Darwin is further broken down into zones that cover the following suburbs:

The median house and unit prices, and rents for the capital cities are sourced from Real Estate Institute of Australia (REIA), which receives data from state and territory Real Estate Institutes. REIA adopts the ABS definitions of ‘houses’ and ‘other dwellings.’ A ‘house is a single self-contained place of residence detached from other buildings. An ‘other dwelling’ is a single self-contained place of residence other than a house such as flats, home units, town houses and terrace houses. However for Sydney the definition of ‘houses’ includes houses, cottages, terraces, semi-detached dwellings, townhouses and villas, and ‘units’ include units, studios and duplexes.

REIA’s weighted average median prices are derived from the quarterly median prices for all capital cities weighted according to the number of houses and other dwellings for each corresponding city. These numbers are sourced from the ABS 2011 and 2016 Census.

REIA’s housing affordability data is based on data from lending institutes and the ABS. They define median weekly family income as income from married couples with or without dependent children.

The ABS publication of housing finance commitments are derived from returns submitted to the Australian Prudential Regulation Authority and covers housing finance commitments statistics from banks and permanent building societies.