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Huge sale a positive sign for market

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Real Estate Central agen Tom Kiem made his highest sale recently in his short two year career so far. Picture GLENN CAMPBELL

A TOP End agent who recently made his biggest sale to date says the result shows Darwin’s property market is on the rise.

Real Estate Central sales professional Tom Kiem recently sold 43 Annaburroo Crescent, Tiwi for $720,000.

It was the highest sale of his short two-year career.

“This recent sale in Tiwi is a testament to our improving market,” he said.

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Real Estate Central agen Tom Kiem made his highest sale recently in his short two year career so far. Picture GLENN CAMPBELL

“(It) is proof that values are increasing and buyers aren’t prepared to miss out on a quality home. With tough competition in the market who knows if they’ll get the next one, by the time another one comes up the values may have increased and priced them out of the market.”

Mr Kiem pursued real estate after a career in tourism and said he enjoyed the dynamic and ever-changing market, which was continuing to head in a positive direction.

“This year we’ve experienced the first two consecutive quarters of growth in over half a decade – with the third quarter following the trend,” he said.

“With the lowest ever interest rates plus the government incentives, buyer demand is very strong and continuing to strengthen.”

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