Housing prices in the city of Darwin recorded a significant increase over the past year, reaching new record levels driven by rising demand and a shortage of housing supply, according to price index data released by PropTrack.
The data showed that housing prices increased by 0.5% in February, bringing the annual rise to around 16.2%. This pushed the median dwelling price to approximately $598,000, marking an increase of nearly $90,000 in just one year. Meanwhile, the median house price climbed to $680,000 after an annual increase exceeding $102,000.
In the apartment market, prices rose by 15.5% year-on-year, bringing the median price to $456,000. Meanwhile, regional areas in the Northern Territory experienced relative stability with only modest annual growth.
At the national level in Australia, the median house price rose to around $897,000, reflecting an annual increase of 9.1%, the fastest growth rate since 2022. The surge has been supported by strong population-driven demand and active investor participation, alongside limited housing supply.
Forecasts indicate that prices are likely to continue rising in the coming period, although at a slower pace during 2026 due to affordability pressures and higher interest rates.
