Darwin outperformed all other capital cities (by at least 2 times) since 1979 (green dotted lines) despite going sideways between 2011 and 2022 (black dotted lines).
Darwin is the least affordable and most expensive capital city by this measure.
Whilst all other capital cities’ PPI are within a fallen wedge (green dotted lines on each capital city’s respective chart), Darwin is now in a parallel channel (black dotted lines) and bouncing back and forth within the channel.
If and when the PPI breaks in a northern direction (because of house price falls, higher inflation, higher interest rates, or any combination of these), watch out Darwin house and unit prices.
The PPI for the most recent calculation period being December 2022, is by default set to one (1).
Authored by QED Realty.