Despite the property market’s impressive performance in 2014, Australia also has its fair share of underperformers, and the nation’s weakest capital city is set to continue this through 2015.
Darwin has been singled out as the worst performing capital city for property, based on their rising vacancy rates, according to SQM Research. Historically, Darwin has had a weak economy and population growth. Property in this capital city is also undervalued, and SQM Research predicts that even with the low demand, prices have nowhere to go but up.
Read more about this on the Smart Property Investment website.