The Northern Territory with a population of around
170,000
people is Australia's least populated state/territory. The economy of the Northern Territory revolves around mineral exploration and wide-range cattle activity, with tourism centered in Alice Springs and the Kakadu National Park growing in importance. The commercial market in Darwin is very limited in size. Industrial yields in Darwin can achieve a high 11% and be purchased for an average of A$650 per square metre of building area or rented for only A$45/sqm pa.
Residential houses in Darwin can be purchased for A$200,000 median price, the third highest in Australia and have grown in value significantly in the last few years.
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