Northern Territory Property News February 2019

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Lighning strike image from ABC Darwin Facebook site
Lightning strike image from ABC Darwin Facebook site.

Thursday 28th February 2019

Rare prime city car yard sites on the market for $4.5m. The sites, 1 and 2 Duke Street, Stuart Park, have a combined asking price of $4.55 million. Both are car sites and Knight Frank’s Peter McVann says have been quickly recognised by potential buyers as high-vision locations. 

Tuesday 26th February 2019

A LONG-vacant block in the Darwin central business district has been bought but its new owner is keeping mum about plans for its future.

United Realty’s Frank Schembri confirmed the block at 33 Daly St had been bought by a local person but could not go into any details about a potential development as the client wanted the plans to remain confidential.

Wednesday 13th February 2019

DARWIN’S iconic Casuarina Square is getting an $8.5 million facelift with extensive upgrades to begin this month. https://www.casuarinasquare.com.au/home

Gas is now flowing into Newmont’s Tanami mine in the Centralian desert about 550km northwest of Alice Springs. https://www.agig.com.au/current-projects

A NOTORIOUS stretch of road to Gunn Point has been transformed from corrugated dirt to sealed bitumen. https://www.palmerston.nt.gov.au/live/facilities-recreation/recreation/fishing-and-boating

The final sealing of the 35km stretch of Gunn Point Rd and Murrumujuk Rd was being completed and the project will officially be open to the public from next week.

PALMERSTON fishos have hooked a great result from Palmerston Council and are now allowed to drop a line in all 16 of the council’s lakes. Previously, only three lakes were open for fishing as they required signage and platforms to ensure fisho safety.

CONSTRUCTION and marine services provider Aus-Group, which owns the $140 million Tiwi port, has taken full ownership of the $12 million accommodation village on Melville Island to house marine industry staff. https://www.ausgroupltd.com/

Tenders:

Provision of transport for the Arafura Games.

Friday 15th February 2019

Three Territory projects have made it onto Infrastructure Australia’s list of 121 “nationally significant” projects and none have made the “high priority” list.

The three projects which made the cut are upgrades to the Tanami Rd, remote infrastructure in Jabiru, Tiwi Islands and Wadeye, and upgrades to Darwin water supply infrastructure.

Wednesday 13th February 2019

WORK will start on the site of the new $200 million Westin Darwin hotel at the end of the month.

A spokesman for Landbridge said progress towards first works on the Westin Hotel site at the Waterfront were progressing smoothly. https://landbridgedarwinhotel.com.au/

 

Friday 8th February 2019

The Territory Labor Government is boosting incentives – making them the most generous in this country – to make it easier for people to own their dream home.

https://arafin.com.au/new-home-ownership-package

Tuesday 4th of February 2019

Central Australia rated the hotspot for NT property

THE Alice Springs property market is one of the strongest in the Territory, according to a recent report by Hotspotting and Ryder Property Research.

The National Top 10 Regional Hotspots 2019 report said Alice Springs’ strong rental yields, low vacancies and reasonable house prices were a big positive for the Territory’s market.

https://www.hotspotting.com.au/investors/location#NT

According to the Real Estate Institute of the NT’s RELM magazine December 2018 issue, 61 houses were sold in Alice Springs at a median price of $475,000 during the December quarter.

The regional town comes second to Palmerston, where 111 houses were sold at a median price of $447,000.

https://www.reint.com.au/info/relm-magazine

For more information on a Darwin home loan from a Darwin mortgage broker call Nick Kirlew Mortgage Broker today on 0447 499 794. You can access our Mortgage Calculators here.

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