I'm sick of the place, having just spent a few months there after years in much smaller towns.
Last time I was there I was paying $250 a week for the cheapest share unit I could find, and that's the local bargain price. Tonight I am reading the news and Darwin has now become Australia's most expensive capital city. This despite being surrounded by a billion acres of not much and having no water shortage problem.
A new property survey has found Darwin remains the most expensive city to rent a home or unit in Australia.
The RP Data Rental Review shows on average it costs $520 a week to rent a house, and $430 to rent a unit.
It shows Canberra and Sydney are the second and third most expensive cities to rent a house in, costing an average $470 a week.
The report shows rents in Australian capital cities increased by 4.2 percent last year.
RP Data senior researcher said while rent in Darwin did not increase over the December quarter or the last year, the city is still the priciest capital for tenants.
"Quite expensive A either to buy property in Darwin, or B to rent. So it shows there's a bit of a shortage of supply and strong demand to get into properties in Darwin at the moment," Mr Kusher said.
However the review also shows that over the December quarter, rental prices were steady.
Mr Kusher said this showed there were many rent rises to come.
6 years prices have gone up 500%. Wages are stagnant. I will hopefully get out of there almost as quick as I fly in. There is more to this story but right now I will leave it at that. Anyone else in miningboomworldoz.com having trouble making ends meet?
http://au.news.yahoo.com/latest/a/-/lat ... sive-rent/