Ensure you never miss an issue of the
real estate business bulletin
State of Markets - NT August 2012

State of Markets - NT August 2012

by Reporter 0 comments

Essential information, plus expert insight on what is shaping the national property market...


Fast figures

  • 0.4%: Darwin vacancy rate (SQM Research)
  • 2,300: Number of new homes to be released in master-planned suburb Zuccoli (Urbex and NT Govt)

$180 million iron ore mine coming
The Northern Territory is set to capitalise on a new $180 million iron ore project recently announced by the chief minister, Paul Henderson.

The project is estimated to provide a “never before seen” economic boost and employment injection for the Territory and WA as the resources fall within land that borders the two areas, Mr Henderson said.

Communities that will benefit in the long term include Borroloola, Minyerri, Ngukurr and Numbulwar, while the entire Roper Bar region will also see growth.

The first stage of the project will bring in 24 million tonnes of ore over eight years.

Safety project to improve public housing’s appeal
Australia’s first public housing safety officers (PHSOs) recently commenced duties in the Northern Territory, with 21 officers involved in the program.

With 15 PHSOs in Darwin, and six in Alice Springs, should the new control measures be successful they will make public housing more attractive to investors.

“The role of the PHSOs is to work collaboratively with tenants to maintain a safe and secure environment,” said public and affordable housing minister Chris Burns.

“The PHSOs will work to reduce unwanted visitors and work closely with neighbours, support services and our police force to reduce incidents of antisocial behaviour and provide a safer housing environment.”

‘Antisocial behaviour’, as defined by the NT Government, includes acts of vandalism, littering and violence as well as any action that is a source of annoyance to neighbours.

PHSOs can also ban people from public housing for up to a year.

State of Markets - NT August 2012
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?