Saturday 22nd June 2019
Over the March quarter, housing affordability in the Northern Territory declined with the proportion of income required to meet loan repayments increasing to 20.2%, an increase of 0.8 percentage points over the quarter and an increase of 0.4 percentage points when compared to the March quarter 2018.
Rental affordability in the Northern Territory improved during the March quarter with the proportion of income required to meet the median rent decreasing to 20.9%, a decrease of 0.4 percentage points over the quarter and 1.6 percentage points over the previous year.
Read the full report here: https://arafin.com.au/sites/arafin.com.au/files/20191_har_march_2019.pdf
Wednesday 19th June 2019
Darwin based developer Gwelo Developments has put its Coles and Kmart anchored Coolalinga Central Shopping Centre to the market offering investors an estimated $7.17 million net annual income fully leased. According to CBRE Director Retail Investments, Justin Dowers, who is managing the sale with Mark Wizel and Trent Weir, the near new Stuart Highway centre could fetch more than $90 million. https://www.shoppingcentrenews.com.au/shopping-centre-news/industry-news/darwins-coolalinga-central-shopping-centre-on-the-market/
Sunday 2nd June 2019
THE Arnhem Space Centre about 40km from Gove, will deliver economic benefits to the region worth more than $100 million.
NASA’s decision yesterday to select the NT as the home of its first launch from a non-government owned site, is expected to open more demand from private companies including SpaceX, Rocket Lab, Virgin Galactic and Vector Space.
For more information on a Mortgage Broker for a Home Loan in Darwin call Nick Kirlew today on 0447 499 794. You can access our Mortgage Calculator here.