1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Promising numbers for property investment in NT

February 14, 2012

The Northern Territory has announced several investment projects over the last few weeks, including record funding towards education and nation-high health care expenditure.

Lucrative mining projects also heat up the market - Ichthys Project is a $34 billion venture that will likely create jobs and bring local business. 

Additionally, recent numbers from the Australian Bureau of Statistics reflect progress in the residential property market - financing for housing commitments has increased in NT by 8.7 per cent in December.

The number of first-time buyers also increased in December by 12.3 per cent, which treasurer Delia Lawrie inferred as a positive movement towards growth.

She said: "When one compares this to a national average of less than one per cent, it is a good sign that more Territory families are getting into the property market for the first time."

The amount of first-time home buyers increased from the previous December by 18.5 per cent.
The potential in Northern Territory may begin to encourage Australians to re-locate if employment and economic opportunities in the area continue to increase.

Related Articles

NT residential real estate developments under review

The Northern Territory government has unveiled plans to boosting housing stocks in Darwin - a move ...
read more

Northern Territory mining projects may attract property investment

The Northern Territory government has given the final tick of approval to an $8 billion mining ...
read more

First time buyers emerge in droves in the NT

Northern Territory residents are taking advantage of the territory's first time buyer scheme, ...
read more

Latest Articles

Is it time for a change?

Is your current home not quite right for your needs? Whatever the reason, you might sell your ...
read more

Growing home lending figures in Western Australia highlight construction rise

Anyone interested in buying land in Western Australia and building their own residential property ...
read more

Calls to keep stamp duty exemption for first home buyers in Western Australia continue

The Real Estate Institute of Western Australia (REIWA) has stood up or the rights of first home ...
read more