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




Property News

Northern Territory unveils infrastructure strategy

February 16, 2012

In recent weeks the Northern Territory has announced a variety of resources contracts, increased ad jobs, record investment into education and high health services expenditure.

The Icthys project, for example, is reported to be infusing the local area with $34 billion of investment funds, benefitting the community as a whole.

170 new teachers were hired on at the beginning of the school year, in addition to the re-vamped schooling facilities.

All of the activity may also inspire commercial and residential property investment in NT as the financial opportunities continue to build up.

As the state is poised to grow economically, the state government is trying to brace itself for a best-case scenario.

It was announced today (February 16) that a three-staged, ten-year plan will be put into action to guide the development of the region for the coming decade.

Minister for lands and planning Gerry McCarthy is confident in the Roads and Transport scheme, which is part of the Territory 2030 initiative.

He said: "The territory is entering a period of high economic and population growth following years of record levels of government infrastructure investment in response to the global financial crisis."



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

Cash rate at a standstill

One crucial driver of housing demand is the official cash rate from the Reserve Bank of ...
read more

Powerful population growth for NSW, Victoria

Bigger populations mean more property purchases, and new statistics have shown that New South Wales ...
read more

Newcastle development highlights strengthening New South Wales position

Newcastle is set to undergo development in the near future, with this transformation taking another ...
read more