Northern Territory housing estate may attract property investment
The release of 100 lots in the heart of Alice Springs over the coming months may attract the interest of property investors and first time buyers.
Northern Territory infrastructure minister Adam Giles said the fast tracking of the lots in Kilgariff - Alice Spring's newest suburb - will open up more housing opportunities in the region.
"The territory government's priority is to make sure home blocks are developed and put on the market in a timely manner to stabilise the housing market that the former Labor government let get out of control," Mr Giles explained.
The minister went on to add that works are due for completion in May, with tenders for construction of the lots expected to be advertised in April.
"Stage one headworks design will include a main access road, drainage, sewer and water pipes, telecommunication cabling for about 100 homes."
Once completed, Kilgariff estate - which will become home about 3,000 people - will boast a number of attractive lifestyle features such as a village centre, natural open space, parks, cycle paths, a sports oval and wildlife corridors.