Latest news with #AndrewHarding
News.com.au
09-05-2025
- Business
- News.com.au
Home price surges predicted for NT
Territory home prices are expected to surge by up to 107 per cent by 2030 if the pandemic price boom is replicated. Exclusive PropTrack analysis forecasted strong growth across many Territory markets in the next five years, with homeowners predicted to see their properties increase in value by hundreds of thousands of dollars. The top performer of 2030 was expected to be the Muirhead house market, with 107 per cent growth across five years and the median house price jumping from $730,000 to $1.512m, based on trends since the pandemic boom. Meanwhile, Dundee Beach would likely see the average cost of a house hit $564,000, up 66 per cent from the current median of $340,000. Sitting in third place was the Millner unit market, with the average sale price looking to shoot up 64 per cent by 2030, from $333,000 to $543,000. Rounding out the top five were the Coconut Grove unit market, predicted to increase 62 per cent to $595,000, and the Nightcliff house market, up 61 per cent to $1.609m. In regional NT, the top spot was taken out by Katherine East with the average cost of house expected to grow 52 per cent by 2030, from $330,000 to $501,000. Ray White Darwin director, Andrew Harding said the suburbs expected to see the highest increase in price were of no surprise. 'In the Muirhead market, most the properties are selling below replacement value, so it makes sense those properties will double,' he said. 'Dundee Beach is fast growing as a Territory hotspot for holiday makers. 'While in Nightcliff, there have been sales over $2.5m, which has never happened before. 'When you factor in that new benchmark, $2m in Nightcliff will become the new normal before long.' Mr Harding said with Darwin remaining the cheapest capital city in Australia with the highest rental yields, there was plenty of room future growth. 'Given the level of investment from interstate buyers at the moment who see huge value in Darwin, it's possible we'll see those predicted price increases,' he said. 'I think what we're seeing now is the calm before the storm. 'There's just over 500 properties for sale in the Darwin region, where normally that figure sits around 1300. 'Supply and demand is driving the market and we're seeing a fifty-fifty split between investors and owner occupiers. 'Anything below $650,000 is heavily first homebuyers and investor driven, and anything north of $1m is locals looking to upsize or downsize. 'The tricky space is between $700,000 and $1m, where there is very low supply and lots of people looking to buy, typically first homebuyers and families.' Mr Harding said the high and low ends of the market offered buyers good opportunities to see capital gains. 'I think blue chip properties around the 0820, anywhere along coast with 800 sqm, you can't go wrong buying those homes,' he said. 'In the lower end of the market, properties around Gray, Moulden and Woodroffe will see good growth.' NT PROPERTY PRICE PREDICTIONS – 2030 Suburb Property type Current med price 5 year % change Med price 2030 Muirhead House $730,000 107% $1,512,000 Dundee Beach House $340,000 66% $564,000 Millner Unit $333,000 64% $546,000 Coconut Grove Unit $367,000 62% $595,000 Nightcliff House $998,000 61% $1,609,000 Parap Unit $446,000 59% $710,000 Katherine East House $330,000 52% $501,000 Gray Unit $270,000 50% $405,000 Durack House $575,000 48% $850,000 Rosebery Unit $366,000 41% $515,000 (Source: PropTrack)
News.com.au
09-05-2025
- Lifestyle
- News.com.au
House of the week: Re-imagined classic
A century-old troppo-style home chock-full of character and charm is going under the hammer in Coconut Grove, sitting on the water at the end of a quiet court. The four-bedroom home sits on an 837 sqm block at 33 Martin Cres, Coconut Grove, backing onto a seasonal waterway and close to parklands and walking paths. Selling agent Andrew Harding of Ray White Darwin said the house began its life as a classic railway cottage in Fannie Bay around 1923 and was shaped by the generations of Top Enders who have called it home. 'This residence has evolved into what may be the finest modern Troppo home in Darwin,' he said. 'A seamless fusion of heritage and contemporary design, it stands as a true testament to tropical architecture at its best.' The house was moved to Martin Cres in 1981 before it was extended and renovated, with an upper level added in 1983. The home has banks of louvres, timber floors, exposed timber beams and high ceilings throughout. There is easy indoor-outdoor flow with multiple balconies and outdoor living spaces. A contemporary kitchen has stone sink, black cabinetry and a feature window, while an elevated dining space looks out over the kitchen and living areas. The lounge opens to a small deck and looks out over the pool and lush landscaping. The two oversized bedrooms on this level have private balconies while one has a luxury ensuite with bathtub and treetop views. There is also second living area and family bathroom on this level. Internal stairs lead up to a third bedroom that could be used as a home office or living space. Under the house there is a generous entertaining space, a bathroom and a storeroom. Separate from the house is bungalow with deck and bedroom space. The block has lush tropical gardens, an in-ground pool, electronic gate, pedestrian entry and side access. The home is close to the Nightcliff foreshore, markets, schools and shops and a short drive to the Darwin CBD. Bedrooms: 4 Bathrooms: 3 Carparks: 4 Auction: Wed, May 21, 5.30pm
Free Malaysia Today
08-05-2025
- Politics
- Free Malaysia Today
Local elections offer cure for costly centralised governance, says academic
Tricia Yeoh from University of Nottingham Malaysia's School of Politics and International Relations with academic Andrew Harding at his book launch in Kuala Lumpur last night. KUALA LUMPUR : An academic has argued that the inefficiency and disengagement at the federal and state levels of government are more costly than the implementation of local elections. Andrew Harding, an Asian legal studies scholar, said local elections in Malaysia would introduce better checks and balances as local authorities would be subject to 'constitutional constraints'. 'By electing local officials, there are more opportunities to stop corruption, and the people can dismiss them from office – unlike appointed officials who answer to higher-ups in the system,' he said at the launch of his book, Territorial Governance in Southeast Asia, here last night. In his book, Harding, a constitutional law expert, also questioned whether democracy could truly exist without local elections and participation. Harding said that local elections would decentralise power from the federal and state governments, giving the people a stronger voice in national governance. He also called on the government to reinstate local elections, which were suspended in the 1960s and later replaced by a system of appointed heads, where state mayors of city councils and presidents of municipal and district councils are appointed by the state governments. In 2018, Pakatan Harapan proposed the revival of local elections as a pilot project. In December 2023, housing and local government minister Nga Kor Ming said reinstating local council elections was not a priority for the government.
