'It Was Exceptionally Helpful To Receive Tod's First-Hand Experience Of Living In Darwin and Advice...!'

'We would like to thank the team at Peterson's Property Search for their dedication and support in helping us find and purchase a home in Darwin. From the time of our initial enquiry through to the purchase of our Darwin home, the service we received was extremely professional.

Throughout the process, Tod kept us up to date on how the search was progressing via regular email and telephone communication. We particularly appreciated that Tod gave up his weekend to personally show us a range of properties in a variety of Darwin suburbs. By the end of the weekend, we felt that we had explored the Darwin housing styles and suburbs that were within our budget. Also whilst in Darwin, Tod introduced us to a construction company that was able to assist us in assessing the merit of purchasing an unrenovated as opposed to a renovated property.

It was exceptionally helpful to receive Tod's first-hand experience of living in Darwin and advice regarding the housing market. It was obvious that Tod was passionate about his job and committed to helping us find the right home for our family.

We would not hesitate in recommending Peterson's Property Search to anyone looking to purchase property in Darwin.' - Natasha and Damien

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'Tod's Local Knowledge And Network Of Contacts Put Me In The Right Position To Purchase...!'

'I was interested in purchasing an investment property in Darwin, as a colleague of mine had previously done through Tod Peterson of Peterson's Property Search - his outcome was a success. I was looking at something with good growth and a return of 10%. Tod suggested we look at apartments that had something special, such as a good location, water views, a good block, etc. Our aim was to secure corporate rentals to maximise rental returns.

After evaluating the market, we found a reasonably new apartment and also saved a good amount of money off the market price as well. This was a welcome surprise as other units in the block of a similar style were selling above what we had paid. We are now in the process of setting the unit up as a corporate rental, which will offer a net yield of over 10%. The whole process was extremely educational, and Tod's local knowledge and network of contacts put me in the right position, which would have been difficult otherwise. I have no hesitation in recommending Tod Peterson as your buyer's advocate.' - Hendrik and Brony

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RP Data's Australian Housing Market Update for November 2014 

View the video here....

'Accommodating the rush as interstate investors swoop' -  - article by Dani McDonald, NT News, 12 November 2014.. read on...

'Inside information beats drivebys...' -   by Andrew Winter, NT News, 25 October 2014... read on...

'Prices rising but apartment settlements distort figures...' -  - article by Courtney Todd, NT News, 25 October 2014... read on...

'Buyers flock to Howard Springs sales...' -  - article by Dani McDonald, NT News, 4 October 2014... read on...

'Sellers favoured now, but pendulum may soon swing...' -  - article by Courtney Todd, NT News, 4 October 2014... read on...

RP Data's Australian Housing Market Update for October 2014
 

'After the strongest winter month for capital gains since 2007, the rate of home value growth eased off over the month of September with capital city dwelling values holding virtually steady with a 0.1% rise across a combined capital city index...' - listen to the report here...

 

'Darwin city rent highest in Australia...'

Article from NT News, 10 October 2014.... read on...

'$800m CBD Building Boom Transforms Darwin...'

Article from NT News, 2 October 2014... read on.....

'The current market is beneficial for buyers, if they're savvy...'

Here’s an excerpt from an interview I did with Miriam Bell from Your Investment Property magazine....

'However, Peterson’s Property Search founder, Tod Peterson believes the current market is beneficial for buyers. ‘They have more leverage and more negotiating power in this climate. As long as they are savvy, there are good opportunities for buyers to come into the market.’

 ‘It’s worth noting that Darwin properties are also still pulling in the highest rents in the country’, Tod says. The latest RP Data figures show that this is indeed the case, with Darwin houses recording a yield of 5.9% and the city’s units posting a 6% yield.

‘Accommodation is still tight up here. It can be a bit seasonal and demand is always strongest during the Dry season. But, overall, demand remains high, especially when you take short-term rentals into account.’

Despite the more subdued environment dominating the market, there have been some noteworthy developments in recent times.

One such development is the Territory Government’s drive to promote the Top End’s resources to China. The goal is to attract big agricultural and infrastructure projects. A similar tactic was successfully used with Japan and resulted in the Inpex Project. As a result of the Government’s efforts to reach out to China, Tod says he has been increasingly dealing with Chinese investors. While they have been interested in big blocks of land for food production and plantation purposes, this trend could impact on the NT market further down the track.

Another noteworthy development has been the state government’s efforts to deal with the aforementioned squeeze on accommodation. There have been house and land packages released in Palmerston and the northern suburbs of Lyons and Muirhead.

Tod says the state government is also interested in making use of infill land. ‘The release of this land is a cheaper way to deal with the accommodation problem – rather than setting up a whole new suburb and putting in headworks.’

 

'We need more hotels' -  - article by Clayton Bennett, NT News, 22 August 2014... read on...

'Why I'm buying my daughter her own apartment' - 'Sean Taylor, managing director of communications giant Ogilvy Group, believes his generation has an obligation to help their children purchase their first home - and a safe car...' - Article by Duncan Hughes of the Australian Financial Review, 9 August 2014... click here to read on...

'What you can do to give your kids their first home. Many parents feel they have to dig deep for their children's future. But what are the risks?'...
 
Article by Duncan Hughes of the Australian Financial Review, 9 August 2014... read on here... 

RP Data's Australian Housing Market Update for September 2014
 

'The Australian housing market continued its run of capital gains in August with capital city dwelling values rising a further 1.1% over the month. The latest data from RP Data CoreLogic takes dwelling values 4.2% higher over the three months of winter, which is the strongest result across the winter months since 2007. Once again Sydney and Melbourne have been leading the market place for capital gains, with dwelling values up 5.0% and 6.4% respectively.  Every other capital city has recorded a much more sustainable pace of growth...' - listen to the whole report here....

'Get The Lowdown On Negative Gearing...
 
'Forgotten how negative gearing works?' Read this article from the Australian Financial Review, 9 August 2014.....

Peterson's Property Search Newsletter - August 2014

Our bumper August newsletter is out with some interesting news clippings, a great article on corporate leasing, links to property data reports, testimonials and much more...  Check it out here... Peterson's Property Search Newsletter - August 2014...

'The Way I See It, I Got Tod's Expertise For Nothing...!'

‘I’m from the NT and was after an investment property in Darwin. I was fortunate to find what I was looking for while holidaying in Darwin, but was not able to attend the auction due to work commitments. Peterson’s Property Search was recommended to me by a real estate agent while looking at other properties.

The service Tod provided to me was to bid on the house. This does not sound too much on the surface, but before the auction he provided me with a substantial amount of information on the area, condition of the property, and expected price range. He was in contact with the estate agent regularly leading up to the auction, so that on the day we already pretty well knew how much interest there was in the property. This meant that we were pretty much in control of the auction with the only surprise being we secured the house at a very good price

I doubt that I could have even come close to that outcome on my own. As well as obtaining an excellent result on the property, I have calculated that if I had to attend the auction myself, with airfares, accommodation etc, I would not have been able to do it any cheaper than doing it through Tod. The way I see it, I got Tod’s expertise for nothing. As a bonus, Tod also has some great contacts, namely the solicitor we used. She was by far the best solicitor I ever had to work with. One hundred percent professional.’ – Ross

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'Confidence In Buying Takes A Dive As Selling Prices Hit Roof...
 
'A recent report found overall Australians are feeling less positive when it comes to housing affordability, which is understandable in the Darwin market where dwelling values have increased nearly 10 per cent in the last year...' NT News, Saturday 2 August 2014 - read the whole article below....