Territory Stories

Budget 2013/14 Northern Territory Economy



Budget 2013/14 Northern Territory Economy

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Tabled paper 295


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




Tabled by David Tollner


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.




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Department of the Treasury and Finance

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40 Population 2013-14 Budget Growth in 201112 reflects population growth from natural increase (2993 people or 1.3percent) and net overseas migrants (2004people or 0.9percent), partly offset by net losses of interstate migrants (1492 people or 0.6percent). ERP figures reported here are sourced from the latest available ABS data and are based on the results of the 2011Census. ERP figures are preliminary until finalised by the ABS. The estimate for annual population growth as at 30 December 2012 has been revised upward from 1.6percent in the 201213MiniBudget to 1.9percent to reflect the fact that the first three quarters of 2012 experienced stronger growth than was previously expected, driven by higher NOM. The latter may reflect the relative strength of the Australian and Territory economies to attract migrants in search of work, compared with other economies, particularly those in Europe. ABS preliminary regional population estimates are available for 30June2011. These latest currently available estimates for 2007to2011 are preliminary, rebased on the 2011Census, and will differ from previously reported estimates due to the impact of the intercensal error. Between 2006 and 2011, the Greater Darwin region grew at an annual average growth rate of 2.4percent, double the average annual growth rate in the remainder of the Territory, which was 1.2percent. Growth in the Greater Darwin region for 201011 (0.7percent) was substantially lower than the fiveyearaverage growth rate (2.4percent). Growth in 201011 for the remainder of the Territory (0.1percent) was also below the fiveyearaverage (1.2percent). Suburbspecific population growth in the Greater Darwin region is almost wholly impacted by new housing. The fastest growing Greater Darwin suburbs over the 2006 to 2011 period were Rosebery and Bellamack (which are newly developed suburbs) (19.3percent), PalmerstonNorth (which includes the suburbs of Farrar and Gunn) (6.4percent), Darwin City (including Darwin Waterfront) (13percent), Lyons (a new suburb on the northern fringe of Darwin) (65.4percent), and Weddell (which includes the suburbs of Berry Springs, Lambells Lagoon and Noonamah) (6.5percent). Suburbs in the Greater Darwin region that decreased in population over the period include Moulden (1.2percent), and Ludmilla and The Narrows (4.0percent). The decline in The Narrows is largely attributable to the RoyalAustralian Air Force rehousing its personnel from the base. Additionally, small declines of this size in wellestablished suburbs such as Moulden are often associated with adult children moving out of the family home resulting in slight declines in average household size. Table4.1 shows the ERP (at 30June2011), population share and growth between June2006 and June2011 for the regions and major towns of the Territory. Regional Population Growth

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