Steve Banks. Funny you should say that
I know Steve well. I'd be wary about buying in Darwin right now though mate, in the 8 years I've been investing here this is the worst I've known. Hopefully it'll pick up in the dry but I'm not sure it will this time. If you buy anything steer well clear of units. A friend of mine's had his coconut grove 2 bedder up for rent since October last year. Yes, October.. asking $430pw. Massive oversupply on the way and no jobs around. Loads of lease breaks with offers of rent back per week etc etc. I'm used to seeing a lack of listings for rent, now I watch the exact opposite and wonder when it might end. The wet season has always been slow and I rent mine in the middle of the dry for 12 months so when they come off I get best rent and highest Demand.
If I was looking to buy anything here it'd be semi rural (Virginia, Howard Springs, Bees Creek) because they're always in demand but renting it in the current market may be more difficult. Still decent 5% yield off the bat considering low rates but only if you can find a tenant quickly.