Capital city property markets can be notoriously difficult to enter if you’ve taken out your first home loan. However, there’s a reason why they are so lucrative and once your foot is on the ladder, you could find yourself with a property that keeps growing in value. As with any purchase, you’ll need to make sure that you are making the right decision. This is where area-specific data comes into play. If you are seriously considering making your move into one of the nation’s capitals, here are some of the facts and figures you’ll need to think about. 1. Properties listed for sale One of the first pieces of information you’re likely to come across during your property search is how many homes are currently on the market. This will have an impact on how quickly you find your ideal real estate, as well as how much competition there is. SQM Research recently revealed that during July, the number of national listings increased 3.8 per cent from the previous month. Year-on-year, the rise registered at 4.2 per cent. However, closer analysis shows that results are quite different across the various capitals. Darwin, for example, has seen its listings increase...
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