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Northern Territory Property News Residential Hotspots

Barkly the only NT region to record house price growth in the year to March: ANZ

By Cassidy Knowlton
Thursday, 12 July 2012

In the Northern Territory, only the region of Barkly had positive house price growth in the year to March, according to ANZ in its Australian Housing Chartbook.

However, the bank is optimistic about NT regional areas in the year ahead, forecasting resources projects to have a flow-through effect on housing prices in the territory. 

"The outlook for house price growth across the Northern Territory regions is buoyant, with significant mining and energy investment (i.e., Icthys gas project) expected to drive solid state economic growth and broad regional houseprice increases through the second half of 2012 and through 2013," says the Australian Housing Chartbook.

Click to enlarge

Source RP Data, Rismark, ANZ


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