The Northern Territory news Sat 12 Dec 2009
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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
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Nationwide News Pty. Limited
Real Estate Liftout Northern Territory News, Saturday, December 12, 2009 19 P U B : NTNE-WS-DA-TE:12-DGE:119LO-R: C-M Y-K www.ntnews.com.au Building approvals data T HE building sector will add to economic growth in the months ahead despite early signs the effects of fiscal stimulus are tapering off and a minor fall in residential building approvals. The number of residential building approvals edged 0.6 of a per cent lower in October, seasonally adjusted, but remained 11.7 per cent higher than a year before, according to the Australian Bureau of Statistics. The bellwether private new houses category rose by 5 per cent, extending an unbroken run of rises so far this year. In value terms, approvals for new residences were down by a trivial 0.3 of a per cent in the month but were down by 6.8 per cent over the year. The divergence between value and number over the past year suggests relatively more construction in the lower price brackets, which would be consistent with the surge in first home buyer activity in the past year. The big moves in approvals in the past few months have been in the non-residential category, where the fiscal stimulus package, notably the Building the Education Revolution program aimed at school buildings, has boosted demand. That wave seems to be subsiding. The value of non-residential approvals fell by 14 per cent in October after a 36 per cent fall in September, however that followed rises totalling 182 per cent in the preceding three months and left non-residential approvals running at 43 per cent, or $870 million per month, higher than a year before. The ABS also released chain volume (ie real terms) estimates of approvals for the September quarter along with the monthly data for October. The figures show the volume of residential approvals, including for alterations and additions, rose by 13 per cent in the quarter, the biggest quarterly rise since 2001. Non-residential approvals were up by 64 per cent and total approvals were 36 per cent higher, in both cases the biggest quarterly rises in the history of the volume estimates which extend back at least 30 years. And so, despite the signs that the policy induced surge is tapering off, the figures show there will be plenty of work in the pipeline heading into next year. That would tend to support the case for the Reserve Bank of Australia (RBA) to reduce the stimulus currently being applied by interest rates which are still unusually low. By GARRY SHILSON-JOSLING, AAP Economist Growth boost confirmed BUILDING: The Education Revolution program aimed at school buildings, has boosted demand. A Centralian Middle School development inspection saw Paul Graham (director of Asbuild) shake hands with Minister for Central Australia Karl Hampton as NT Chief Minister Paul Henderson, Mark Taylor, (building technical manager of construction division Dept Planning and Infrastructure-first construction manager David Strang look on Level 1, 67 Smith St, Darwin GPO BOX 2121, Darwin NT 0801 Ph: 8941 8877 F:8941 8855 email@example.com 8941 8877 Sales Rentals Commercial Licensed Real Estate & Business Agents ABN:72 478 688 359 re 2 4 0 6 1 9 STUART PARK Sat 3:00 - 4:00pm & Sun 11:00 - 12:00pm 1/13 Annear Ct EXECUTIVE LIVING WITH PRIVATE MARINA BERTH Jaw dropping marina townhouse with double spa boasting a grand 6m high entry with breath taking views from the downstairs verandah, or upstairs balcony accessible via the extra large master bedroom. Stunning open plan design featuring curved ceilings and quality finishes throughout, marina berth included. Inspection is a must. $1,350,000 Peter Kafkas 0404 877 261 BAYVIEW Sat 11:30 - 12:00pm 14 Fanning Dr LUXURIOUS LIFESTYLE ON THE WATER A home worth looking at! Ideally positioned on the marina overlooking the water and island, offering extra privacy from neighbours across the water. Impressive finishes throughout, spacious open plan living and dining with an exceptional entertaining area overlooking the inviting pool. A must see to ad to you list. Offers Invited May Dunlop 0421 037 034 ROSEBERY Phone To Inspect 11 Antonino Dr NEW HOME BE QUICK This brand new home is sure to impress. Boasting a functional floor plan with easy access to large entertaining area over looking backyard.Open plan living and dining, tiles and air-conditioning throughout. All bedrooms with BIRs, master with en-suite and WIR. Double lock-up garage and storeroom. Only minutes drive to Palmerstons CBD, schools, and loads more amenities. $589,000 May Dunlop 0421 037 034 ROSEBERY Phone To Inspect 10 Rooney St SPACE, QUALITY FINISHES & ALL THE FAMILY EXTRAS A family home that has all the essentials including a pool to cool off in and side access gates for the boat.Boasting a well appointed kitchen with stone bench tops, loads of cupboards,gas cook top,open plan living and dining and separate second living area. All the bedrooms neatly tucked away, main bathroom with spa bath and store room at rear of home. $645,000 Peter Kafkas 0404 877 261 & May Dunlop 0421 037 034 ROSEBERY Phone to Inspect 11 Kenbi Pl HIGH END DUPLEX'S Hurry Hurry!!! Buy off the plan choose your own colours and save $$$. Designer 4 bedroom 2 bathroom Duplex - a massive 281m2, solid construction, units feature open plan living, 3 good sized bedrooms and 2 bathrooms, main featuring an en-suite. Fully tiled & air-conditioned, a spacious living room and its own landscaped courtyard and a double undercover carport just to name a few. $550,000 Peter Kafkas 0404 877 261 COCONUT GROVE Sat 12:30 - 1:00pm 4/18 Reynolds Ct TERRIFIC TOWNHOUSE Spacious townhouse conveniently positioned close to loads of amenities. Bedrooms of a large size and equipped with air-conditioning and built-in-robes. Front and rear courtyard great for entertaining. Dont miss out, view today! $425,000 May Dunlop 0421 037 034 & Steve Tsoukalas 0408 816 478 4 2 2 14 2 2 14 2 2 5 3 2 14 3 2 1 2 1 1 DARWIN Phone to Inspect 1/3 Harvey St OWNER SAYS SELL First level unit with 200m2 under title. Well appointed kitchen with granite bench tops.Large bedrooms,balcony and storeroom. Remote gate access,and only minutes walk to Darwin CBD. Offers over $520,000 Peter Kafkas 0404 877 261 3 2 22 1 1 PARAP Phone For Information 15 Somerville Gardens - Expected completion mid 2010 - Boutique complex of only 9 apartments - Selection of 3 different floor plans over 3 levels - Conveniently positioned a short leisurely stroll to Parap Village with loads of specialty shops, restaurants, Parap & Mindil Beach markets, sunsets at the beach, primary and high schools, public transport and a few moments drive to golf course, East Point Coastal Reserve and only 3kms to Darwins vibrant CBD. Last chance for Buildstart grant of $14,000. $500,000 May Dunlop 0421 037 034 & Peter Kafkas 0404 877 261 OFF THE PLAN - 7 SOLD - 2 LEFT Are you Looking to Sell in the New Year? Call one of our award winning agents for pre-selling advice and information about your local area! May Dunlop 0421 037 034 OFF THE PLAN
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