2016-03-17 Property Observer: NT housing market: NAB
The Darwin housing market has been one of the standout performers in previous years… Despite the recent yield compression, gross rental yields remain amongst the highest of any capital city.
2016-03-15 ABC Rural: Origin Energy
David Close from Origin Energy said he was "bearish" about unconventional oil and gas around Australia but that the Top End's Roper region was an exception. He said the firm's activity would be the first horizontal gas play in the Beetaloo basin, the most prospective unconventional gas play in Australia and that the region contained an amount of gas that would be "transformative" for the industry.
2016-03-15 NT News: annual geoscience exploration seminar in Alice Springs
Mines and Energy Minister David Tollner… said $104 million was spent on mineral exploration in the Territory during 2015, only a few per cent down on the $108 million spent in 2014… In the past 3 years, the Territory has increased its share of Australian mineral exploration expenditure from 4.1 to 7.3%. Gold and base metals both experienced an increase in exploration in the Territory in 2015.
2016-03-21 Media Release: Sandalwood project
TFS Corporation and Northern Territory Government have celebrated the opening of the $3.5 million Sandalwood nursery in Katherine today… TFS, the world’s largest owner and manager of Indian Sandalwood, currently has 4,000 hectares planted across the NT and aims to grow this to 10,000 hectares by 2020. It is investing significant capital into the Katherine Region.
2016-03-15 Media Release:
Darwin ship lift project enters request for proposal phase
Five shortlisted proponents have been invited to proceed to the detailed request for proposal phase… Northern Territory Government is prepared to invest up to $100 million to the project costs and has commenced consultation with Defence, Border Force and industry to secure local marine maintenance commitments that would underpin the ship lift… Facility will be designed to accommodate boats more than 90 metres in length, including the new fleet of patrol vessels currently being procured by the Defence Force.
2016-03-17 House of Representatives: Minister Frydenberg
$5 billion Northern Australia Infrastructure Facility: the facility will work with the private sector and the governments of the NT, Qld and WA to create the right conditions for innovation and investment and help our communities and businesses in northern Australia to prosper.
2016-03-15 House of Representatives: Minister Frydenberg
Northern Australia has just 5.6% of Australia's population but contributes over 11% of Australia's GDP and covers over 40% of our landmass with significant agricultural, energy, and resource assets.
2016-03-15 House of Representatives: Prime Minister
Northern Australia is Australia's future. It has enormous resources… The huge water resources and the huge potential for agriculture there, enhanced by greater irrigation, is immense, and we are putting the dollars behind that vision. We will see great investments in water in northern Australia that will enable us further to capitalise on the huge opportunities in East Asia as that becomes the centre of most of the world's middle-class.
2016-03-15 Senate: Senator Canavan, Northern Australia
A recently completed Infrastructure Australia audit of the infrastructure across the north found that in financial year 2013 each employee in northern Australia contributes $369,000 a year to our economic output, almost double the contribution across Australia of $185,000 per employee.
2016-03-16 Media Release: Northern Territory visitors spend $2 billion in 2015
For the year ending December 2015, the NT received 1.6 million visitors, up 20%. Holiday makers make up the bulk of these visitors with 792,000 people holidaying in the NT last year, up 21 %. As well as spending more, holiday makers also stayed longer, with total holiday nights up 12% to 4.9 million nights. While international holiday visitors remained on an upward trend, increasing by 5.4%, the great result for 2015 was largely driven by a significant spike in domestic visitors, which last year reached 551,000… the Northern Territory outperformed all other jurisdictions in 2015 to record the highest growth in domestic visitors.
2016-03-17 Economic Brief: Labour Force February 2016
Territory’s trend unemployment rate was 4.3%, the lowest of all jurisdictions (nationally 5.8%) The trend participation rate was 73.9%, the highest of the jurisdictions (national rate 65.1%).
2016-03-15 Economic Brief: Sales of New Motor Vehicles February 2016
In February 2016, the trend number of new motor vehicle sales in the Territory increased by 1.9%... The Territory recorded the greatest monthly increase of all jurisdictions.
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