Darwin Market Records Strong Growth
Sales volumes and median prices on the rise in the N.T
By Terry Christodoulou
Thu, Feb 18, 2021 12:35am
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The December quarter saw the Darwin property market enjoy a spike in sales volumes, up more than 20 per cent alongside rising median property prices.
A new report from the Real Estate Institute of the Northern Territory (REINT) detailed the state capital’s strong end to 2020, with ascendent median house and unit prices.
According to the REINT’s ‘Real Estate Local Market (REALM) Report’, the median price of units outpaced that of housing, up 6.7 per cent against the 4.2 per cent rise in the median price of detached dwellings.
Growth covered wider Darwin except for the north east. The current median house price in the city is now $500,000, with units at $320,000.
Elsewhere, Katherine saw a surging 73.7 per cent rise in sales volume, with Tennant Creek up 50 per cent and Alice Springs continuing its move along a robust growth corridor, up 36 per cent.
“While it is far from the peaks of 2014, this has been the most positive year in over half a decade and bodes well for continued growth into 2021,” said REINT chief executive Quentin Kilian.
Median rents also increased in the Greater Darwin Area by 6.9 per cent (houses) and 6.6 per cent (units), with rental yields strong for the investor set – house yields rising to 5.3 per cent and unit yields steady at 5.9 per cent.
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The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
By Liz Lucking
Mon, Jul 13, 2026 2 min
2 min
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”
