Northern Territory Property News August 2018

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Hello Folks,

We took a quick trip to Katherine for the Father's Day long weekend. Our youngest daughter was born in Katherine Hospital and it was great to re visit our home town of 4 years. The Nitmaluk Gorge Cruise was stunning as ever. The only disappointment was Knotts Crossing Resort which could use a bit of a renovation.

The month just gone saw the the release of Boundless Possible, a perhaps jarring rebrand of our fair Territory, a new Prime Minister, the Darwin Cup was run and won and $15k for interstate immigrants who can stick it out for 5 years was announced.

Rate Rises

Interest rate rises by banks and lenders have left only a few lenders in the sub 4% space. Investors, who typically pay more than home owners, are also seeing out of cycle rate rises.

The first action you can take is contact your bank and confirm the rate you are paying. Next ask for a discount! An existing customer is worth more to a bank than a new one. If you are not happy consider a mortgage makeover, in a 20 minute phone call I can assess what can be done. Call Nick Kirlew Mortgage Broker on 0447 499 794 to understand the savings available.

Nick Kirlew Mortgage Broker

First Home Buyers

A search of properties for sale reveals a number of $300,000 homes in Palmerston are under contract. Meanwhile $380,000 homes are going under contract in the Northern Suburbs.

Palmerston units kick in around $200,000. Meanwhile in the Northern Suburbs there are a few sub $300,000 properties available. The CBD and Nightcliff have a diverse range commencing closer to $150,000.

If you see a property and would like to know more send me the address and I will email you a free property report. Find our the property history, estimated value and recent comparable sales. Email Nick Kirlew Mortgage Broker nick@arafin.com.au

31 August 2018 Friday

There is a 25% turn over in population every year in the NT. Read more: https://www.cdu.edu.au/sites/default/files/research-brief-2016-06.pdf

30 August 2018 Thursday

CSIRO report into water resources in the top end released. Northern Australia Water Resources Assessment

Uber launches in Darwin.

29 August 2018 Wednesday

Work commences on $19m car park next to Parliament House.

Minerals Council goes to open letter in the negative on new royalty scheme to be applied.

Tenders

Upgrade to Batchelor Airport offerred.

$6m Police Station for Angurungu awarded.

Environmental report released for Lee Point Defence Housing Authourity development. https://www.dha.gov.au/development/residential/lee-point

25 August 2018 Saturday

Barneson Boulevard gets renamed to Garramilla Boulevard.

Seven developers have applied to be a part of the proposed water park for Darwin.

24 August 2018 Friday

Flood zone amendments to the planning scheme in Darwin advertised.

Planning application for visitor center at Botanical gardens.

The George Brown Darwin Botanic Gardens $9.8 million facelift is one step closer with concepts for a new multi-purpose visitor and event centre currently being assessed by the Development Consent Authority.

23 August 2018 Thursday

Northern Territory Government offer $15,000 package to attract interstate immigrants. https://www.businessinsider.com.au/the-nt-government-is-going-to-pay-peo...

21 August 2018 Tuesday

Boundless Possible. New NT marketing statement launched. English is not a prerequisite.

17 August 2018 Friday

NT Property Council call for integrity in tender processes by NTG. https://www.propertycouncil.com.au/Web/Content/Media_Release/NT/2018/NTegrity.aspx

NT Euthenasia Bill fails to pass senate.

15 August 2018 Wednesday

Inquiry into politicians and property developers clears previous politicians but finds there were breaches of rules.
NT Government co funds aireal mineral survey over 275,000km of Tanami Desert.

http://www.abc.net.au/news/2018-08-15/terry-mills-foundation-51-inquiry-clp-chief-minister-no-apology/10123952

No tenders of note.

14 August 2018 Wednesday

Public housing tenants face increase in rent as a percentage of earnings over the next 5 years. http://www.abc.net.au/news/2018-08-09/rent-hike-public-housing-tenant-quarter-households-rental-stress/10093136

12 August 2018 Sunday

Direct charter flights Darwin Japan commence.

11 August 2018 Saturday

Dry season fires in the Darwin area over the last week have been severe with damage to property and loss of a home. http://www.abc.net.au/news/2018-08-09/fire-burning-out-of-control-near-darwin-properties-threatened/10093900

Large cattle properties in the NT's Barkly region, often thought of as the 'engine room' behind the Top End beef industry, de-stock as dry conditions take hold. http://www.abc.net.au/news/rural/2018-08-11/nts-best-beef-country-battles-the-big-dry/10051608

10 August 2018 Friday

23 acres on McKinnon Road, Pinelands nominated as new site for Juvenile Detention Center. https://www.9news.com.au/national/2018/08/09/19/41/new-darwin-facility-to-replace-don-dale

9 August 2018 Thursday

Nissui completes investment in Seafarms Project Sea Dragon https://seafarms.com.au/about-project-sea-dragon/

8 August 2018 Wednesday

Consolidated Pastorial Company announce sale of multiple stations.

Nightcliff Renal Unit to get $9m upgrade.

6 August 2018 Monday

Zahspeed wins the Darwin Cup. Read more here: https://www.racing.com/news/2018-08-06/zahspeed-wins-darwin-cup

1 August 2018 Wednesday

Zuccoli Primary School announced.

The new suburb of Zuccoli is continuing to flourish with the announcement of a new primary school to be built. This project is being undertaken by local builders Halikos, with the design for the build engaging a joint venture between local architects, Rossi Architects and Bennett Design. Read more here: https://landdevcorp.com.au/news/zuccoli-school/

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Asset Finance

If you are looking for asset finance we can arrange a loan for:

  • Motor Vehicles
  • Motor Bikes (roadworthy & registered bikes)
  • Motor Bikes (off road bikes & all-terrain vehicles)
  • Caravans, Campervans, Motorhomes
  • Marine (Boats, Jet Skis)

Private sale ok.

Personal Loan

Personal Loans Interest rates from 9.99% p.a. to 21.74% p.a.* (comparison rate)** based on your circumstances.

  • No hidden upfront or ongoing fees
  • $0 establishment fee and $0 monthly account keeping fees
  • Smart online application
  • Apply online from any device, from start to finish in 15-20 minutes
  • Competitive interest rates

Easy Steps to get your Personal Loan

1) Call Nick Kirlew on 0447 499 794 to arrange a phone call or personal visit.

2) Understand the best way to achieve your goal.

Nick Kirlew Darwin Mortgage Broker

Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.
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Contact Nick Kirlew Mortgage Broker on 0447 499 794.
Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.

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