abc.net.au/news/nt-humpty-doo-property-prices-double/102548944The Northern Territory town of Humpty Doo is known for its mention in country songs, its pub and a statue of a giant boxing crocodile — not necessarily million-dollar property listings.The pandemic, new developments, and the introduction of luxury houses are behind the price hikeBut real estate agents in the area say expensive properties are becoming more and more common.
"Especially post pandemic … there's been a massive shift of home owners wanting space, and to have a bit more peace and quiet, so they've naturally come out to the rural areas," he said.The purchaser of the $1.5 million property is relocating from Victoria, and Mr Hunt said they were far from alone."If you come from the east coast, or down south, dare I say, it's cheap".
And while many are far from being classified as luxury, it hasn't stopped the suburb's property prices from growing at one of the fastest rates in the country. Other suburbs around the country that saw gains were Boat Harbour in New South Wales, which doubled in 16 months, and Proston in Queensland, which also doubled in 20 months.