Find the perfect property at the perfect price with help from a Darwin buyer’s agent.
While Darwin may be the least populated of all of Australia’s state and territory capital cities, its property market is still heavily competitive. With a median sales price of $490,000, Darwin’s prices are higher than major cities like Brisbane, Perth and Adelaide.
If you’re looking for a way to save on the price of buying a home in Darwin, not to mention gaining a competitive edge over other home buyers, you may want to consider enlisting the services of a buyer’s agent. A good buyer’s agent will help you find a range of suitable properties, choose one and then negotiate the best price, so read on to discover how you can find a reputable buyer’s agent in Darwin.
How do I choose a buyer's agent?
Choosing a buyer’s agent isn’t as simple as a quick Google search. Instead, It’s important to compare a range of agents, ask questions about their knowledge and skills, and request proof of their credentials and buying experience.
How much does it cost?
If you’re trying to get a rough idea of the cost of using a buyer’s agent in Darwin, make sure you’re aware that agents may use one of two fee structures:
- You could be charged a flat fee which, depending on the service you select, typically starts at $5,000 and could be as high as $15,000.
- You could be charged a fee calculated as a percentage (usually between 1% and 3%) of the property purchase price. Assuming you were buying a property at Darwin’s median sales price of $490,000, the fee could range from $4,900 up to $14,700.
Some buyer’s agents will only require fee payment once you have purchased a property. However, some other agents may require you to pay part of their fee up front when you first choose to hire them, so make sure you’re aware of this before agreeing to anything.
Want more information? Read our detailed guide on typical buyer's agent fees
What is the median cost of buying a property in Darwin?
As of 31 March 2017, the median sales price for a dwelling in Darwin was $490,000, a 4.4% drop compared to the previous year. Despite this reduction, Darwin still boasts a highly competitive property market and some of the most expensive property prices in Australia, with its median dwelling price higher than Brisbane, Adelaide, Perth and Hobart.
When you consider these facts, it becomes clear why hiring a buyer’s agent could make excellent financial sense. A buyer’s agent could potentially help you save thousands of dollars when buying a home, as well as give you an important advantage over all those other buyers searching for similar properties.
Popular suburbs in Darwin to buy property in 2017
Median sales price: $560,000
This northern suburb is conveniently located near the Northern Territory’s largest shopping centre and is a suburb predicted to rise in value. Its median sales price of $560,000 has dropped 2.6% in the past 12 months.
Median sales price: $563,000
This inner suburb boasts a beachfront location and a laid-back, relaxed lifestyle. Fannie Bay’s $563,000 median sales price has fallen 13.8% in the past 12 months.
Median sales price: $544,000
This northern Darwin suburb is home to extensive parklands and a number of schools. Its median sales price of $544,000 increased 0.7% in the past 12 months.