The Northern Territory has a population of approximately 250,000 people. Around half of this population live in Darwin. The other main population centres are Palmerston, Alice Springs, Tennant Creek, Katherine, and Nhulunbuy.
Tourism plays a significant part in the NT economy, but mining is the main economic driver. Mining has significant implications on property markets, prompting volatility as the number and frequency of projects fluctuate.
Northern Territory agent commission rates vary a lot depending on where you're selling. There are more than 160 real estate agents in the Northern Territory, where the average commission charged is 2.78%. But price is only one of a variety of factors that need to be taken into consideration when comparing agents in your local area. As well as finding an agent who charges an affordable commission rate, you need to find a person with a good knowledge of the local economy.