Morning people, We have made the decision to offload our PPOR in the Palmerston suburb of Johnston. This complex (and unit) was completed and titled in Jan 2013 and has been owner occupied since. The main bedroom and ensuite was used as such, the second bedroom an office and more recently a spare room. Condition wise, the unit is in near new condition. Having never been subjected to the tortures of rental, it has been well looked after by us and upgraded accordingly. The unit complex itself has 0.0% occupancy, with all 68 units being presently occupied. It is sought after by both the Gas Industry workers and the Military, being in close proximity to both. Johnston is a sought after suburb and this is the only unit complex in the suburb. To give you an indication, the developer has kept 12 units for himself and has them rented. We have received a rental estimate of $600pw, however have contacts within INPEX who have expressed shorter term-3/6-12 month terms, fully furnished, cleaned etc, for upwards of $900pw.... (Take this with a grain of salt, as INPEX is extremely difficult to deal with)... Currently, the 3 units other units on our level are rented at $550, $575 and $550 respectively. DHA have provided us with a letter of offer on the property at $550pw. I believe this is a great investment for someone wishing to crack into the market in Darwin before the real boom hits. No doubt there will be considerable capitol growth in the Palmerston unit market over the next few year, however for us, we need to recover our cash funds and put them into buying a rural (5ac) block for a bit more of a lifestyle change. The property is currently listed on RE.com.au (http://www.realestate.com.au/property-unit-nt-johnston-116675327) Thanks guys!