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Speaker 1: Now we know the tiny nteetown of Larimer.

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Speaker 2: It's been thrust into the spot right in recent years

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Speaker 2: following the death of local lark and Paddy Moriarty. Now

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Speaker 2: going It went on, obviously to capture global attention after

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Speaker 2: Netflix released a documentary called Last Stop Larimer. Now Patty

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Speaker 2: and his dog went missing as we know, back in

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Speaker 2: twenty seventeen, and his house was put up for sale

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Speaker 2: last month. It went to auction this week and it's

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Speaker 2: sold as I understand it to a South Australian couple.

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Speaker 1: Joining us on the line to tell us how it

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Speaker 1: all went.

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Speaker 2: Real Estate Central auctioneer Daniel Harris, Good morning to you.

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Speaker 1: Daniel, Hey Pati, how are you really well now?

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Speaker 3: Mate?

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Speaker 1: Are you back from Larimer?

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Speaker 3: Back baking down back into it auctions last night and

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Speaker 3: at the area at the moment, So.

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Speaker 2: It's all going, it's all happening now. Tell us how

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Speaker 2: did this auction go earlier in the week.

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Speaker 3: Yeah, there's a fair crowd there. I think the population

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Speaker 3: of Laram I certainly quadrupled. At least. We had people

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Speaker 3: with their caravans and we had interstators all over the place.

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Speaker 3: We even had some American tourists there, So it was

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Speaker 3: fascinating quite a few media organizations, a bit of a

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Speaker 3: bit of a circus, bit of a different experience for sure.

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Speaker 2: Well, mate, you're used to selling big properties, you're used

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Speaker 2: to selling high profile properties.

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Speaker 1: But how did this.

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Speaker 2: Rate compared to you know, some of the sales that

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Speaker 2: you've done in the past, in terms of the level

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Speaker 2: of interest from people maybe not necessarily wanting to buy

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Speaker 2: the property.

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Speaker 3: Yes, spot on, So my colleague Michael Vandergraft probably dealt

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Speaker 3: with most of them. To be fair that we would

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Speaker 3: have received over one hundred inquiries through the online totals.

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Speaker 3: To be fair, I reckon eighty to ninety percent of

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Speaker 3: them are more fascinated in the story than the property itself.

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Speaker 3: So that was an ideal, but it would be expected.

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Speaker 2: Well, that's the thing, isn't it when you I mean,

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Speaker 2: when you're selling a property like this and we're it's

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Speaker 2: had such a high profile. We know that there was

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Speaker 2: a Netflix series, what was it?

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Speaker 1: What was the property like?

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Speaker 3: Oh? Pretty basic? I mean obviously Patty's been gone for

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Speaker 3: some time now, so yeah, it certainly wasn't what we

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Speaker 3: would call turnkey something you want to move in and

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Speaker 3: enjoy immediately. But yeah, I mean at the end of

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Speaker 3: the day, is it did It did transact in the

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Speaker 3: past for like four hundred and grand many years ago

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Speaker 3: when I was up and running as a business the

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Speaker 3: old top of the town roadhouse, so that's remnants of

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Speaker 3: that infrastructure there. But yeah, basically it's a land purchase

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Speaker 3: really yeah.

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Speaker 2: And so in the end sold to was it a

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Speaker 2: South Australian couple.

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Speaker 3: Yeah, we had a seven or eight registered bitters who

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Speaker 3: that actually partook in the auction. One of them sort

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Speaker 3: of went with a big knockout bit at twenty five

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Speaker 3: thousand dollars which probably knocked a few of the others out.

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Speaker 3: We had quite a few that were going to try

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Speaker 3: and buy it for five, ten, fifteen, that sort of thing.

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Speaker 3: So the opening bit at twenty five sorted a few

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Speaker 3: out and then went to sort of toe to toe

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Speaker 3: with a Casin Bitter that was looking to use it

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Speaker 3: as a bit of a tourist attraction where people could

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Speaker 3: go past and check out Paddy's house and that sort

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Speaker 3: of thing. So but the South Australians, they're just looking

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Speaker 3: to escape the southern Southern winter and spend a bit

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Speaker 3: of time around Matter Anchor and the Rape River, I believe,

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Speaker 3: so they want to use that as a bit of

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Speaker 3: a base and just enjoy it in the in the

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Speaker 3: cold months down south.

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Speaker 1: There you go, because correct me if I'm wrong.

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Speaker 2: But I thought i'd heard as well that you know

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Speaker 2: that in terms of well, if the development and wants,

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Speaker 2: the development of the beat Loose sort of gets moving along,

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Speaker 2: that it may be an area that's sort of you know,

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Speaker 2: that may be used for workers to even you know,

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Speaker 2: like as industry. Yeah.

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Speaker 3: For all the you know, the laughs about what's going

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Speaker 3: on in Larimer and the story and the rest of it.

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Speaker 3: The reality is the Beaterloo Basins one of the biggest

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Speaker 3: gas deposits in the world. So I think it gets

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Speaker 3: up and running, which it appears more likely than not

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Speaker 3: at the moment. Yeah, it absolutely makes sense as a

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Speaker 3: worker's camp. So we do have a few more assets

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Speaker 3: coming online soon, so the Pinks, the pub, we'll be

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Speaker 3: going on the market. My colleague Michael has listed up

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Speaker 3: Frans Place as well, so could be looking after the

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Speaker 3: marketing campaign for that. One true story. Fran is in Larimer.

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Speaker 3: Everyone thinks she's down south, but she's not. She's in

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Speaker 3: her home. It's all up for Stroom.

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Speaker 2: Yeah, everyone's everyone's looking to to to change where they're living.

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Speaker 1: By the sounds of it in Larama.

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Speaker 3: Yeah, Michael's also listed up Cookie's house, so that'll be

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Speaker 3: coming to the market. So, wow, did you been going

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Speaker 3: on Larama?

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Speaker 1: I tell you what.

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Speaker 3: It wasn't the intention, but anyway, no, I was going

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Speaker 3: to say, tell you what.

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Speaker 2: I don't know that you or Michael were anticipating that

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Speaker 2: you're going to beat the sales agents for.

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Speaker 3: Larama doing options in Tony Bay perhaps and doing lots

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Speaker 3: of sales in Virginia. And how it's bringing thanks the

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Speaker 3: other area of specialties Larimer.

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Speaker 1: Yeah, there you go.

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Speaker 2: Hey, while I've got you, while I've got you, sorry, Daniel,

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Speaker 2: tell us how is the market looking at the moment?

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Speaker 2: I know you've been you know, you've been an agent

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Speaker 2: in the Northern Territory for a long time.

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Speaker 1: How is the market going?

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Speaker 3: Yeah? I get ask that question a lot. A bit

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Speaker 3: of a two speed market. So it's parts of the

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Speaker 3: market that are going fantastic and there are other parts

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Speaker 3: that are really tough. So the most common sort of trend,

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Speaker 3: like everyone always asks what's the market doing? For a

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Speaker 3: very general question because there's different markets within the market.

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Speaker 3: So if you've got like a turnkey property in a

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Speaker 3: good or great location, then that market's absolutely fantastic. They're

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Speaker 3: selling fine, holding their values. If anything, they've probably gone

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Speaker 3: up a fraction. If you've got a property that's in

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Speaker 3: an okay to average location that needs quite a bit

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Speaker 3: of work, and it's an opposite story, it's quite hard

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Speaker 3: to move that sort of property. Buyers are very reluctant

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Speaker 3: to buy properties that need quite a bit of work

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Speaker 3: just the cost involved these those with build costs going

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Speaker 3: up just trying to get trades in to do it

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Speaker 3: all in the cost of that, so making those those

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Speaker 3: properties far less popular. So they're the ones dragging down

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Speaker 3: the overall average. But all and all of who have

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Speaker 3: been a pretty steady market for about eighteen months now,

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Speaker 3: So we had that really positive run like everywhere did

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Speaker 3: during the pandemic, and then it's sort of plateau. So

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Speaker 3: normally been known as a boom bus market, that's actually

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Speaker 3: been argue with the most stable market in the country

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Speaker 3: the last eighteen months. I'm sure we all know. Yeah, well,

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Speaker 3: owners love to see a bit more growth, but yeah,

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Speaker 3: we've been going up or down by less than one percent,

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Speaker 3: pretty much every month for the best part of two

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Speaker 3: years now.

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Speaker 2: And I mean we know even this morning there's been

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Speaker 2: a pretty big sort of political announcement in terms of

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Speaker 2: the federal government saying that you know they're supporting the

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Speaker 2: gas industry up till twenty fifty, or that you know

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Speaker 2: it's going to play a huge part I think in

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Speaker 2: Australia's energy needs up until twenty fifty. People questioning this

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Speaker 2: morning what that's going to mean for the Northern territory.

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Speaker 2: When you talk about the likes of the be Toloo,

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Speaker 2: I mean, how big an impact, Like from a real

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Speaker 2: estate perspective, how big an impact do some of those

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Speaker 2: major project announcements have when it comes to property sales.

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Speaker 3: That can have a massive impact. So probably one of

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Speaker 3: the things holding us back at the moment. Darlin's become

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Speaker 3: so much cheaper than the other capital city's Adelaide taken off,

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Speaker 3: Perth taken off, Like we are the cheapest capital city

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Speaker 3: by the length of the Stuart Highlight at the moment, Yeah,

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Speaker 3: by far, the cheapest capital city to get into the market.

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Speaker 3: We really need interstate investment again and we haven't been

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Speaker 3: seeing enough of that. I remember got some of the

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Speaker 3: highest rental yields in the country. We have the highest

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Speaker 3: rental yields in the country, so we should be getting

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Speaker 3: swarm by investors, but unfortunately, Darwin is perceived in the

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Speaker 3: media to be not a place that a lot of

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Speaker 3: people want to invest in right now, which is sad.

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Speaker 3: So yeah, these a enormous announcements are enormously powerful.

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Speaker 2: Yeah, well, let's hope you know, we see a bit

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Speaker 2: of an uptick when it comes to the economy and

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Speaker 2: then you know, we see that that has a huge

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Speaker 2: impact in so many different ways. Anyway, Daniel Harris, sounds

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Speaker 2: like you're a busy man this morning, and sounds like

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Speaker 2: you and Michael are going to have your hands full

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Speaker 2: in terms of your sales out at Larama as well.

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Speaker 3: Miscle Vandergraft will be heading up those ones.

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Speaker 2: Oh he's a good man. I'm sure he'll be happy

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Speaker 2: to do that. Daniel Harrah's Real Estate Central. Thank you

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Speaker 2: so much for your time this morning. Much appreciate it.

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Speaker 1: Katie, thank you