House Value – Darwin
The infrastructure of a city is one of those factors whose importance cannot be denied. Health care, public transport, and the accessibility to utilities, are the necessary resources to ensure the proper function of a city such as Darwin. With an ever growing population of over 150,000 residents, the city has established themselves as a city with a state-of-the-art health care system, a strong transport system, and accessible utilities. Having a solid infrastructure is something that increases house value immensely and cannot be denied.
The development of cities such as Darwin, that have put the necessary funds into the development and expansion of its infrastructure have received numerous benefits back, from an ongoing increase in population, to an influx of events and festivals, to the continuous increase of house value, a strong infrastructure is vital in the ongoing development, and growth of major cities. Darwin is home to two major hospitals, the teaching hospital The Royal Darwin Hospital, which is run by the Government of the Northern Territory Department of Health and Families, has been credited as one of the better teaching hospitals in the Northern Territory.
The other major hospital is Darwin Private Hospital, another well known, and respected health care institution, that is known for it’s excellent patient care. Health care institutions such as these have become a staple of what residents look for when moving to a new location. Well respected, and state-of-the-art hospitals are aspects of a city’s infrastructure that impacts all residents, having these increases the value of houses and the demand for real estate notably. Transport in Darwin is managed by The Department of Lands and Planning, Public Transport Division.
Unlike many other capital and high population cities, the city of Darwin does not have a long distance passenger rail service. However, in 2003 The Alice Springs to to Darwin was completing, linking the city to the major city Adelaide. This train runs 2-3 times a week, with schedules changing with the seasons. Although the city of Darwin does not have a long distance passenger rail service, the city does have an extensive bus service that has been developed to cater to people all the way out to the city’s further suburbs. While the lack of long distance passenger rail service could impact house values, the fact that the transport system does cater to the majority of residents, and runs frequently, (with frequency and extended hours increasing the further in towards the city centre you go) housing values within the city are actually increased quite a bit because of it.
We have become quite accustomed to our way of life, our accessibility to the utilities that make that way of life as easy as it is, be it fuel, gas, electricity..etc…is necessary to live the way that we do, and to keep our major cities, such as Darwin running smoothly. To consider moving to a location that does not have the accessibility to these utilities would not only alter one’s way of living immensely, but decrease the value of houses in the city tremendously. House values rely heavily on the infrastructure of the city, and how it has developed over time.
Over, and over again, the cities that have the most impressive, and extensive infrastructure come in with higher, and higher housing values. Not only are these factors of infrastructure, healthcare, transport, and utilize, necessary for a city to run smoothly, but they are vital for residents to maintain the quality of life that they have become accustomed too, and to improve upon even that. With increased health care, transport, and accessibility to utilities, housing values will only continue to rise.