Accommodation in Darwin

Having spent the last three months searching for single accommodation in Darwin, one is led to the inevitable questions.

Just how many "executives" does one city need, and until they all start to arrive, where are those who actually work, to support those executives, supposed to live?

I noted a recent article presenting the view from the real estate industry, that the bubble will not burst, and that rent will continue to increase, by up to 50% over the next couple of years.

Was this article put forward by those who profit from the industry in some vain attempt to reassure the property investors from the East Coast, who have never actually been to Darwin, that continued investment in Darwin will continue to reap the rewards they seek to fund their comfortable lives on the East Coast?

Sad really, but I suppose inevitable, that Darwin would become another victim of the real estate investment (greed) boom that has taken hold across Australia.

Still, one can only hope that the industry is wrong, and that the bubble bursts soon. Sure a few greedy folk will get burned, but then at least real estate valuations might become real once again, and no longer based on some estimated future value.

Robert Fyffe