Territory Stories

The Northern Territory news Mon 21 Dec 2015

Details:

Title

The Northern Territory news Mon 21 Dec 2015

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2015-12-21

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

News Corp Australia

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/259505

Citation address

https://hdl.handle.net/10070/496223

Page content

04 NEWS MONDAY DECEMBER 21 2015 NTNE01Z01MA - V2 Hotel deadline held up as more show interest THE timelines for expressions of interest to build a luxury hotel in Darwin have been pushed out to accommodate greater interest in the project. The deadline for registration of interest in the major project had been December 11, but was bumped to January 29 next year. Expressions of interest will now close on February 26. At the North Australia Investment Forum held last month, the Giles Government indicated there had been significant interest in the project. That interest has now increased, with the NT News understanding more than 10 groups may pursue the hotel. Last week Chief Minister Adam Giles and Tourism NT bosses, including chairman Michael Bridge and chief executive Tony Mayell, visited China with other industry leaders. The delegation stayed at the Landbridge Jinjiang International Hotel in the city of Rizhao, located in the Shanhaitian Resort district. The $200 million luxury six-star hotel is owned by the Landbridge Group, the lessee of Darwin Port. It boasts 212 rooms, of which 172 have sea views, and describes itself as a comprehensive business hotel. It has a conference and convention centre that can hold 2000 people. The hotel was designed by Japanese firm KKS, which specialises in hotels. Owner of Landbridge, Ye Cheng, has expressed an interest in investing beyond the port. He organised a meeting in Beijing for the Territory delegation with major Chinese airline Hainan Airlines, which also operates hotels, and the Civil Aviation Administration of China to discuss a direct air link to the NT. Hainan will be starting direct flights from the ancient capital Xian in the Shaanxi Province to Sydney on Wednesday. A range of site options exist for a luxury hotel in Darwin, including government-owned vacant land. A site near the Deckchair Cinema has been previously identified. However, a Giles Government source said the eventual site could end up on private sector land, given the level of interest. The Government wants the luxury hotel to be located in the Darwin CBD close to business centres, the Parliamentary precinct and key tourism sites, including the Darwin Waterfront and Convention Centre. Bidders will have until February 19 for any additional information on the evaluation criteria, which will be used to assess EOI proposals. The Government hopes to announce its preferred proponent by July next year ASHLEY MANICAROS NT Government delegates stayed at the Landbridge Jinjiang Hotel in China Picture: SUPPLIED Gallipoli memory mark CANBERRA: It was 100 years ago yesterday that the last Anzac troops were evacuated from Gallipoli, right under the noses of Turkish forces during World War I. From December 13, 1915, the 41,000 soldiers stationed across the huge 160-hectare Anzac sector were progressively thinned so that just 1500 remained to hold frontline positions on the night of December 19. Then in the early morning darkness of December 20, the final group of remaining soldiers dashed to the beach at Anzac Cove, with the last boat spiriting the remainder away at 4am. The evacuation has been described as the most successful aspect of the troubled Gallipoli campaign, which saw thousands lose their lives. The Australian War Memorial held a special Last Post ceremony at 5pm (AEDT) yesterday to mark the centenary of the end of the Gallipoli campaign. Buyers fix loans amid rate rise fears MORTGAGE customers are concerned interest rates will creep up in 2016 and are turning to fixed rate loans for the first time in years. And investors continue to be stung with higher interest rates than owner occupiers as the banks tighten the screws on housing lending. Investors who are locking in their loans are paying on average 19 basis points more than owner occupiers the average three-year fixed rate for owner occupiers is 4.35 per cent. Aussie Home Loans has reported a tripling of customers locking in their loans climbing from just 13 per cent in June to 38 per cent in November. The Australian Prudential Regulation Authority announced a tightening on home loans, particularly investor lending, in mid-2015 and the ripple effect has been felt by borrowers who have experienced rate rises in recent months. Mark Hewitt, a spokesman for Australian Finance Group, one of the nations largest broking networks, said they had also recorded a spike in customers locking in their loans. Fixed rates peaked at 21.7 per cent of our business in the June quarter in 2013, he said. They have been declining as a share of our business ever since until this current quarter, where they have risen from 11.3 per cent to 13.2 per cent. This is an indication that borrowers are thinking that an interest rate rise may be around the corner. Mortgage Choice also reported in October a four-year low of customers locking in their loans at about 14 per cent but has consequently seen its first increase in November since 2011. RateCity analysis shows on a $300,000 30-year loan the average three-year fixed rate for an owner occupier is 4.35 per cent compared to 4.54 per cent for investors. The sites spokeswoman Sally Tindall said investors had been hit hard with rate rises, resulting in many fixing their loans. The majority of property investors have taken a double hit this year with the introduction of higher rates in July and August, followed by the rate hike initiated by the major banks in October, she said. Fixed rates in particular are becoming extremely competitive this summer, with lenders such as the Bank of Queensland and Freedom Lend offering three-year fixed rates under 4 per cent. The Australian Securities Exchange Rate Indicator, which monitors market expectations of the official cash rate, is predicting just a 13 per cent chance the Reserve Bank of Australia board will drop the cash rate to 1.75 per cent when it meets in February. Med hike aids addicts AUSTRALIANS will pay $20 for a blood test and up to $173 in new charges for X-rays and other scans to fund a $1 billion new treatment for hepatitis C. Health Minister Sussan Ley (pictured) confirmed budget cuts to pathology and radiology announced last week were made so the government could fund new treatments that will help mainly recovering drug addicts and prisoners. This demonstrates that the government is prepared to make the tough decisions to prioritise where we should put our health dollar, she said. Labor, the Greens and some Senate crossbenchers have said they will oppose $650 million in cuts to pathology tests. Opposition health spokeswoman Catherine King said: Its an absurd proposition to make cancer patients and those with diabetes and other serious conditions pay for drugs needed by other seriously ill patients. The hepatitis C cures cost up to $100,000 but the price will be pegged to $6.10 for pensioners and $37.70 for others. Skin Cancer Care NT welcomes patients from Monday to Saturday for the following services: Skin cancer detection Melanoma management Excisions Cosmetic and Dermatological procedures. FACT: 1 IN 3 Australians will be diagnosed with skin cancer by the time they are 70. Book your skin check at www.skincancercarent.com.au CASUARINA (08) 8995 7900 2/11 Vanderlin Drive, Casuarina NT 0810 STUART PARK (08) 8930 4900 1/44 Stuart Highway, Stuart Park NT 0820 On-site vaccinations Yellow Fever vaccine accredited. Travel kits include The Adventure Kit, The Womens Wellness Kit, The Gastro Kit and The Corporate Travel Kit. Expert travel advice www.topendtraveldoctor.com.au TOP END TRAVEL DOCTOR IS NOW OPEN! Accredited General Practices Modern and convenient locations in Stuart Park, Casuarina and Kormilda College Bulk Billing Services Open 7 days a week until late Walk ins are welcome Visit our Womens clinic and enquire about IUD Insertion and Hormonal contraceptives implants Online booking facility at www.topendmedicalcentre.com.au SPECIALISING IN SKIN CANCER CARE ALL MEDICAL SERVICES UNDER ONE ROOF


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