While the Northern Territory (NT) is Australias third largest federal division, it happens to be the least populated. With around 250,000 people over 1.4 million square kilometres of land, there are just 0.17 people per square kilometre.
Real Estate Agents in Northern Territory
Real estate agent fees in the Northern Territory
The average real estate agent commission in the Northern Territory is 2.78%, which is just over the national average. However, it is important to know that a lower commission rate may not take into account extra fees such as the costs of marketing and advertising.
Currently, there are no national guidelines governing real estate agent fees and subsequently, most agents are open to negotiation, particularly with commission structures. A tiered commission can be an excellent way to incentivise your agent and could result in a better sale price.
Top real estate agents in the Northern Territory
Over 1239 recently sold properties in the Northern Territory have been assessed by OpenAgent to identify the top agents in the region. OpenAgent has 355 reviews on 54 real estate agents that helped us to determine the Home Sellers Choice Award winners in the Northern Territory.
Reviews in the last 12 months: 7
Teena Pescini recently sold a 4 bedroom house at 15 Bald Circuit, NT 0810 Alawa
Reviews in the last 12 months: 6
Gabriella Sawyer recently sold a 4 bedroom house at 13 Muckaninnie Court, NT 0830 Moulden
Reviews in the last 12 months: 5
Nick Scaturchio recently sold a 5 bedroom house at 13 Bonaparte Street, NT 0812 Leanyer
Reviews in the last 12 months: 2
Derek Hart recently sold a 3 bedroom house at 13 Sanford Street, NT 0812 Leanyer
Reviews in the last 12 months: 1
Stewie Martin recently sold a 4 bedroom house at 265 Weaver Road , NT 0837 Noonamah
Reviews in the last 12 months: 1
Paul Heron recently sold a 3 bedroom house at 3 Mcmaster Crescent, NT 0820 Parap
Northern Territory property market
Like many regions around the country, the Northern Territory is seeing a cooling in its real estate market; however, the trend differs significantly between apartments and houses, with most free-standing dwellings holding their value slightly better. Those looking to enter the housing market will rejoice in the fact that now is a better time than ever to enter the housing market.
What’s it like living in the Northern Territory?
Most of the Northern Territory’s population is centred around the capital city of Darwin. In fact, half of the territory’s population calls this city home. The city is home to a diverse tourism industry, lively bars, clubs and a rich food market culture, such as the Mindil Beach Sunset Markets, held every Thursday and Sunday during the dry season.
The region encapsulates a postcard image of wild Australia, from long stretches of tropical beach to sunbaked desert. It’s no surprise that Darwin relies heavily on tourism to drive its economy.
Arnhem land is a celebration of Indigenous Australian culture, with many of the nation's first people living traditionally on the land. Kakadu is a highlight of the region, a sprawling wetland dotted with hot springs, waterfalls and gorges. Kakadu is home to a tremendously diverse number of flora and fauna species. Further south is Alice Springs, an Oasis in the outback, and the perfect vantage point for reaching Uluru and its neighbour the Olgas.
In addition to tourism, the economy is driven by mining, with substantial projects significantly shaking up the property markets in nearby areas and often facilitating growth.