- April 15, 2013
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Rental Growth, Wealth
Strong yields and housing demand are currently underpinning a market set for further growth.
With major resource projects set to reinforce the Northern Territory, Darwin’s market ia an investment target.
The underpinning of what the Darwin market has, it has a real shortage of available stock at the moment. We’re seeing the decisions of the US government to put a military base in there and a large $35 billion Inpex project being built into that market.
Final approval of a brand new $8 billion mine has been announced by the Northern Territory government, which is expected to fuel growth in conjunction with other resource projects in the region, representing a further boost to an already tight market.
Australian Ilmenite Resources’ SILL80 Project in the Roper area aims to export 300,000 tonnes of ilmenite annually, with $30 million already spent on exploration and initial development in the area.
The approval of this mine site will see a brand new mineral industry for the territory.