Northern Territory Property News June 2019

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Mortgage Broker Darwin for a Home Loan Nick Kirlew

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.

https://ela.space/what/ and https://www.abc.net.au/news/2019-05-31/nasa-to-launch-rockets-from-remote-northern-territory-site/11169960

Also http://www.developingeastarnhem.com.au/project-updates/

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.

 
 

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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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