00:01Rental costs are surging in Darwin.
00:04Median prices now sitting at about $725 per week, well above the national average of $705.
00:13This puts Darwin in an interesting position because it has the cheapest home values of
00:19any of the mainland capitals, but it sits fourth for overall rents.
00:24The new figures from Coatality highlighting the intense competition, with Darwin renters
00:29facing the tightest market in the country.
00:32I'm fortunate.
00:32I own my own home, but I've got three kids who are in the rental game, and yeah, it's
00:42hard to put on.
00:42Living in a rental now for three months, it was very difficult to get one.
00:45There's too many people applying for a very limited number of properties.
00:48Building costs have skyrocketed since the pandemic, in some cases almost 50 per cent.
00:54Sally Ann says there is also a serious shortage of tradies, with construction for the
00:59Brisbane 2032 Olympics draining resources.
01:03It is a very real concern.
01:05There's a massive pipeline of work down there, and it's not just the Olympics, it's the hospitals
01:09and infrastructure pipeline that is down in that part of Australia.
01:13To meet Australia's National Housing Accord targets, Sally Ann says the NT needs to be
01:18building 3,000 homes a year, but isn't even close, completing only around 600 annually.
01:25She says fixing the shortfall will require a major overhaul of the skilled migration system.
01:31We have a massive backlog of people wanting to come here, so the system's letting us down
01:37there.
01:37It's astounding in a housing crisis that skilled construction workers are not tier one in the
01:46skilled migration list.
01:47She's calling on the federal government to make the process faster, less expensive and
01:52more transparent.
01:55Thank you, Mr.
01:55Mayor, we've been training for the full-time landscape of the National Housing Accord and the
01:55opportunity to grow up, to have defeats.
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