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Can a capital city be a Boom Town? It can if it's Darwin. With prospects of becoming a natural resource hub of global significance, the Northern Territory capital is one of 10 Boom Towns identified for 2013.
Boom Towns are locations impacted by resources activity or undergoing an economic surge from major projects such as power stations, desalination plants, wind farms or transport infrastructure.
Often such developments involve capital investment of $500 million or $1 billion or more - and their construction and ongoing operation place pressure on housing supply. This drives rents and property values higher, presenting opportunities for investors who understand the dynamics and risks of such markets.
Because of the inherent risks in buying in one-industry locations, the locations featured in our Boom Towns report tend to be large towns or small cities which have well-rounded economies.
Don't miss out on Hotspotting's 2013 Boom Towns.
UPDATED
UPDATED National Top 10 Port Hotspots The Resources Revolution will continue to be a major driver …
National Top 10 Miners Playgrounds Major mining companies employ many of their workers on …
Top 10 Victoria Hotspots Melbourne's market has made a solid start to 2013, with …
National Top 10 Boom Towns 2013 Can a capital city be a Boom Town? It can if it's …
Top 10 Queensland Hotspots Queensland shapes as Australia's strongest property …
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Perth's property markets have surged in the early part of 2013, as price growth returns to the Western Australia capital for the first time since 2007. WA is Australia's leading boom st…
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