Business
Coronavirus pandemic turns Darwin’s rental market on its head – ABC News
Darwin real estate agent Tamika Andrews struggled to find people to fill vacant rental properties as little as six months ago. Now, thanks to the coronavirus pa…
Having lived in Darwin for two years, teacher Millie Lowndes was not expecting finding a new home to rent such a challenge.
Key points:
- At least 2,000 have moved to the NT in recent months, leading to a dramatic shift in Darwin’s rental market
- Rental vacancies in Darwin have dropped from 8 per cent to about 2 per cent
- Local real estate experts are surprised by the sudden shift
The NT’s shrinking population and struggling economy have seen Darwin’s rental pric…
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