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The NT’s hottest residence of 2023 has gone below contract for an quantity believed to be near the asking worth of $6 million.
The luxurious residence at 19 Kirkland Cres, Larrakeyah, was probably the most seen Territory property on realestate.com.au in 2023, racking up greater than 27,000 clicks by finish of yr.
The 1350 sqm property has a palatial three-storey home with double peak voids, ground to ceiling home windows and a $300,000 residence health club.
Promoting agent Seth Chin, of Chin Property Group, mentioned the property was below contract to a Territorian for an undisclosed worth each the vendor and purchaser had been fairly pleased with.
The NT Information understands the determine was near the $6 million asking worth.
That might make the house one of many NT’s most costly residential gross sales, putting it within the high 5 alongside 108 East Level Rd, Fannie Bay ($8.5m), 6 Emery Ct, Larrakeyah ($6.5m), 94-98 East Level Rd, Fannie Bay ($6.495m) and three Hickey Ct, Larrakeyah ($5.4m).
Mr Chin mentioned it wasn’t usually a Darwin residence achieved such a excessive worth.
“You could possibly most likely rely on one hand what number of properties have bought in Darwin within the final 10 years for greater than $5 million,” he mentioned.
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Mr Chin mentioned the house attracted curiosity regionally and interstate.
“Most of the enquiries had been southern buyers, notably from Sydney and Melbourne, nonetheless there have been a number of NT-based households that confirmed curiosity as effectively,” he mentioned.
“The massive drawcards had been the placement, the finishes and the construct high quality of the property.
“Most of the buyers mentioned when substitute value, the property represented good worth.
“A house of this calibre would obtain $15 million and upwards in a comparable Sydney suburb comparable to Woollahra or $10 million simply in a Melbourne suburb comparable to Brighton.”
Mr Chin mentioned when contemplating the rise in construct prices, most status properties within the NT’s capital had been promoting for under substitute value.
“The excessive finish market in Darwin holds good worth,” he mentioned.
“In Sydney and Melbourne, property costs elevated by three, 4 and even 5 instances what they had been in 2013, however right here status property was stagnating.
“It’s now trending upwards and we’re seeing actual motion as rate of interest will increase don’t actually have an effect on consumers in that section of the market.”
Mr Chin mentioned he was additionally seeing vital will increase in business enquires.
“I’ve obtained one strata workplace below contract off marketplace for $3.15m and a number of other presents on one other property with costs starting from $8 million to $9 million,” he mentioned.