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 145 Northern Territory Economy e: estimate; f: forecast 1 Inflation adjusted, base year 201011 Source: ABS Cat. No. 8755.0; Department of Treasury and Finance Residential building activity is expected to increase by 6.2percent to $582million in 201314, the highest level since the late 1990s. Growth is expected to be driven by continued construction at the major unit developments that commenced during 201213, including SOHO, The Avenue and Wharf 2, as well as the expected commencement of construction on several new unit developments that are currently in the pipeline. New house construction is not expected to increase substantially from 201213, however it is expected to remain at historically high levels (seeChart 11.5), supported by continued land release in Johnston and Muirhead, as well as the expected commencement of land release in the new Palmerston suburb of Zuccoli and the new AliceSprings suburb of Kilgariff. Growth is also expected to be supported by the Governments new housing initiatives Real Housing for Growth plan and HomeBuild Access. e: estimate; f: forecast 1 Inflation adjusted, base year 201011 Source: ABS Cat. No. 8755.0; Department of Treasury and Finance Territory construction activity is expected to increase by a further 13.5percent to $6.6billion in 201415, mainly driven by engineering work, as the onshore construction effort on the Ichthys project reaches peak level. Continuation of construction work on the gas pipeline to Gove is also Chart 11.4: Territory NonResidential Building1 Forecasts (moving annual total) 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 03 04 05 06 07 08 09 10 11 12 13e 14f 15f 16f 17f $B Year ended June Total non-residential Private Public Chart 11.5: Territory Residential Building Forecasts1 (moving annual total) 0 100 200 300 400 500 600 03 04 05 06 07 08 09 10 11 12 13e 14f 15f 16f 17f $M Year ended June Total residential Houses Units Alterations and additions


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.