new land estate
The new releases proposed will provide for over 5,000 dwellings. Image – Canva.
  • Funding for planning and support of new infrastructures has been allocated
  • A public housing complex will be redeveloped
  • $68M will be spent on major capital works for housing and amenities in Greater Darwin

The Northern Territory Government has released details of its 2021-2022 Budget, with funding allocated for capital works and land development to support both population and industry growth.

More specifically this includes land use planning, land investigations concept planning and designing to support new infrastructure in the new suburbs of Holtze and Kowandi. These new releases can provide over 5,000 new dwellings. A further $800,000 is being spent to establish the Territory’s first strategic infrastructure body. The body aims to align infrastructure needs with future population and industry growth.

International migration is on the cards, with the Territory Government noting 400 new skilled health workers are needed for the Centre for National Resilience.

As part of an election commitment, the Territory Government is redeveloping the Davoren Circuit and Bonson Terrace public housing complex, stating that the complex, which is 35 years old, is beyond its “economic life and is a source of antisocial behaviour”.

In terms of major capital works, almost $68 million will be spent on housing and community amenities in the Greater Darwin area.

$432 million has also been committed for over eight years to support housing works in both regional and remote areas, with $16.1 million set for industrial land development in Alice Springs.

Another $4 million will be allocated to a second round of the Roadhouse to Recovery grants scheme.

Michael Gunner, Chief Minister and Treasurer, said the economy is growing better than expected with a 4.7% rate of growth forecast for this financial year. He has declared the Territory as the “comeback capital” of Australia.

“The Northern Territory is Australia’s comeback capital, and this Budget is all about leading that comeback. We are taking the same energy and urgency we used to win the health crisis, and applying it to our economic comeback.

“After some difficult years, we are coming out the other side and getting stronger by the day. We are heading in the right direction, but we can’t take our strong recovery for granted.”

Michael Gunner, NT Chief Minister and Treasurer

You May Also Like

REIWA calls for regulation reform

REIWA’s President has called on all WA parties for regulatory reform ahead of the March election

Architects, Urban Designers and Property developer amongst Aus Day honours

Various property people were awarded gongs

Could property stocks be a better 2021 bet than property?

Double digit price growth is predicted for real estate stocks and the property market itself.