Darwin home owners selling up in nation's 'strongest property market'

Key points

• Darwin is recording the strongest property market in the country, with house prices rising while other capital cities slump, according to Cotality. Cotality head of research Gerard Burg said limited supply and years of slow building have supported prices, and the number of buyers has fallen as more owners list their homes.
• Burg warned that a possible interest rate rise in November could bring Darwin into the wider national downturn.
• Darwin also remains expensive for renters, with median rents up about 11.6 per cent over the year to September and a vacancy rate of about 1.9 per cent.