Slow population growth and the lack of skilled labor are key factors contributing to toned-down property market growth, despite the Darwin property market posting the strongest performance among all capitals for April, new data shows.

Data from Cotality (formerly CoreLogic), released on May 1, revealed that Darwin’s property market, which had been stagnant for more than 10 years, is now experiencing a slight resurgence as investors are taking notice as prices are at levels not seen since 2015.

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