Absolute soars high as Vacancy rates dip low

Updated Aug 2021. We’ve achieved amazing results yet again, with vacancy rates of 10 days far less than the Darwin average of 14 days! Our average of 14 days on the market is substantially lower than the Darwin average of 23 days. We now have a vacancy rate of 2.3% for August 2021. We actually need more properties to let!

August 2021 Market Stats

Once again Absolute is delivering excellent results!

Rental properties are flying out the door - with our average of 10 days vacant lower than Darwin's 14 day average. We're also achieving an average of 14 days on market, compared to Darwin's average of 23 days on market.

It’s all thanks to our dedicated Leasing Manager and secret weapon Roy Winter. Roy ensures that our owners’ properties are marketed, and viewings are arranged as soon as or before they become vacant.

Because of Roy’s commitment, we have a vacancy rate of 2.3% - that’s only 16 vacant properties right now!

We actually need more properties to let to keep Roy busy!

You can say that we’re well below (above) average...

Our Latest Property Management Results

10 days vacant (14 days Darwin average)
14 days on market (23 days Darwin average)
currently 16 properties available
2.3% vacancy

June 2021 Market Stats

The Darwin rental property market continues to dazzle in June 2021, with Absolute Real Estate NT achieving amazing results yet again with vacancy rates of 6 days less than the Darwin average of 13 days.

That means our properties are vacant for one week LESS than the Darwin average, which means one more week’s rent in our owners’ pockets.

That is the Absolute difference.

This incredible result is even better than our March 2021 vacancy rates of 11 days vacant (Darwin average 16 days), and it’s all thanks to our dedicated Leasing Manager and secret weapon Roy Winter. Roy ensures that our owners’ properties are marketed, and viewings are arranged as soon as or before they become vacant.

Because of Roy’s commitment, we have a vacancy rate of 0.8% - that’s 6 vacant properties right now! That's a huge decrease from 1.65% in March 2021.

We need more properties to let, and to keep Roy busy!

Our Latest Property Management Results

6 days vacant (13 days Darwin average)
8 days on market (21 days Darwin average)
currently 6 properties available
0.8% vacancy

Darwin Market Snapshot

According to Core Logic and the NT News, Darwin home values smashed the 20% annual growth barrier in May 2021, with values now 20.3% higher over the past 12 months. For Darwin dwellings, this is the strongest annual gain on record.

For Darwin houses, rents increased a huge 21.9% in annual growth up to May 2021, and our jump in rental values was the steepest in the nation.

Current & Upcoming Rentals

Get in touch with our leasing secret weapon Roy here, or browse our current and upcoming properties below:

Further Reading

March 2021 Market Stats

We're proud of our team here in Darwin, and we consistently deliver outstanding performance, to our investors, sellers, buyers and tenants alike. Our latest weekly March 2021 figures speak for themselves:

11 days vacant (Darwin average 16 days)
16 days on the market (Darwin average 25 days)
4 leased
6 new listings
34 applications
12 available properties
1.65% vacancy rate

Our properties are vacant for a week less than the Darwin average, which is one week's more rent in our owners pockets!

We need more properties to let, and we're proud to have Roy as our dedicated leasing manager. Find out more about Roy here.

Check out our service to investors, or get in contact with us today so we can keep Roy busy!

Thinking of Selling?

It is always a wise choice to make sure you have an up to date valuation, especially in this market. Get in touch with us for an obligation-free chat about the market and a FREE appraisal, on (08) 8930 6600.

September 2020 Market Stats

10 days vacant (Darwin average is 30 days)
22 days on the market (Darwin average 39 days)
1.3% Vacancy

We've achieved amazing results and are proud of our efforts this year! Our properties are vacant for nearly 3 weeks less than the Darwin average. That’s nearly 3 more weeks of rent in our owners back pockets. As the average The Darwin weekly median rent is around $550 per week that is nearly $1,500 more to our owners than the Darwin average.

Basically, we need more properties to let. Roy is our leasing manager, a dedicated person to lease your property (click here to find out more about Roy), and he doesn’t have a lot to do at the moment, as he’s let most of our properties. And if we were to look into our crystal ball, low vacancy, can be an early indicator of a recovering housing market. We’d like to think that we’re seeing an increase in demand for rental properties in Darwin. And an increase in demand can signal an increase rental prices might not be too far away, after enduring a period of rental price cuts.

Please contact us today so we can keep Roy busy and keep nearly $1,500 more in your pocket.