Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2013-05-14

Description

Tabled by David Tollner

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

Construction 143 Northern Territory Economy in the Darwincentral business district (CBD) into hotel accommodation, the construction of a 500bed workers accommodation facility at WickhamPoint and expansion of several other motel and shortstay accommodation facilities. Defence construction activity has also contributed strongly to growth in nonresidential building activity in 201213 through the Project Single Living Environment and Accommodation Precinct (Project Single LEAP). Project Single LEAP is a nationwide program that is delivering 3015units of single members accommodation at 14 bases across Australia. In the Territory the project is expected to deliver 232 units at Larrakeyah Barracks by the third quarter of 2013 and 686 units at Robertson Barracks by the first quarter of 2014. Project Single LEAP is a public private partnership being delivered by the Plenary Living consortium (including Sitzler). The consortium has privately funded the development of the project and therefore expenditure for it is reported by the ABS as a private sector construction development. A reduction in Territory Government infrastructure payments, as the capital works program is wound back from the historically high levels of 201011 and 201112, is expected to partially offset growth in private sector engineering construction and nonresidential building. Residential building construction activity is estimated to increase from $468million in 201112 to $548million (up by17.0percent) in 201213 following a substantial increase in the value of new house construction, reflecting land release in the Palmerston suburbs of Bellamack and Johnston along with Muirhead in Darwin and the Coolalinga subdivision in Litchfield (see Chapter 9: Residential Property Markets). Growth in residential construction is also expected to be supported by high levels of other dwelling construction in 201213, reflecting the development of several large mutiunit apartment projects including: the SOHO development on Woods Street in the Darwin CBD comprising approximately 150 residential units and 150 serviced accommodation units; The Avenue development in Parap, comprising around 300 residential units in two towers over two stages; the Wharf 2 development, which includes over 100 apartments in threenew residential buildings at the Darwin Waterfront Precinct; 70 units in the Kube development on Cavenagh Street in the Darwin CBD; 60 units in Catalina Apartments on Mitchell Street in Larrakeyah; over 200 units at the Zen Quarter development at 6 Carey Street in the DarwinCBD; and 120 units in six buildings at the Sunset Dreams development in Rosebery. The Commonwealth and Territory governments are also undertaking significant investment in remote housing through the Strategic Indigenous Housing Infrastructure Program (SIHIP), the largest Indigenous housing program ever undertaken. The SIHIP program has been merged with National Partnership Agreement on Remote Indigenous Housing, which Strategic Indigenous Housing Infrastructure Program


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