CREATED in response to demand for buyer representation in the tough Darwin property market, Peterson’s Property Search helps those who are unable to invest in the local market due to serious time constraints or lack of local knowledge.
Company founder Tod Peterson has established a level playing field for buyers by providing more than 30 years of industry knowledge, all the contacts necessary to deal direct with sellers and strong negotiating skills to secure a successful purchase for his clients.
According to Mr Peterson the December 2011 quarter saw the beginning of a property market upswing in Darwin that continued to gain momentum throughout the first half of 2012.
Mr Peterson said he believed the market would continue to strengthen with the support of established and developing resource projects in the region, including the Ichthys gas project, Energy Resources of Australia’s Ranger mine and BHP Billiton’s GEMCO Phase 2 expansion.
He said the lure of work had produced an increasing population in the region, which had led to an estimated 0.4 per cent housing vacancy rate – making it a great time for investors to take advantage of market conditions and benefit from high yield with continued capital growth.
“I was building an investment portfolio for a local professional couple [and] a development called Central on the CBD fringe was a perfect fit for their criteria: large two bedroom apartments, some
with water views, from under $500,000 with calculated returns of 6 to 6.5 per cent,” Mr Peterson said.
“I was provided access to the project before it went public, giving me the opportunity to secure the best unit and placing my clients in the box seat.”