News

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.

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-03-09 NT News: ConocoPhillips

THE Darwin LNG plant marked its 10th anniversary… Yesterday they loaded their 519th cargo.

2016-03-08 ABC Rural:
Exploration company lodges plan to expand proposed phosphate mine in NT

An exploration company has lodged a revised plan with the Northern Territory Department of Mines and Energy to mine phosphate near Batchelor. Following recent interest from potential buyers in Asia and India for supply contracts of up to 190,000 tonnes per year, Korab Resources has expanded its original mining plan. It comes after the company entered into an offtake agreement in November last year to supply 250,000 tonnes over five years, to DPA Oceania.

2016-03-09 NT News: Tellus deal

TELLUS Holdings, owner of the Chandler Project Salt Mine near Alice Springs, has signed a distribution agreement with an Indonesian company… selling 500,000 tonnes per year from first production of industrial salt to PT Damarco, which represents up to 70% of average annual future production from the Chandler Project.

2016-03-11 The Australian: Defence Policy - Emeritus Professor Paul Dibb, ANU

Darwin is a critical location for all ADF military operations in our northern approaches.

2016-03-09 The Australian: Pentagon eager for bomber crews to train with RAAF

Commander of US Pacific Air Forces, General Lori Robinson, said negotiations were underway with Malcolm Turnbull’s government about rotating bombers and tankers through RAAF bases in northern Australia at Tindall and Darwin.

2016-03-12 Media Release: Lucrative business conference market

… currently injects around $89 million into the economy each year.

2016-03-09 NT News: Cheers to cheaper stay

According to the 2015 Hotels.com price index, hotel room rates fell by 20% in the Territory’s capital city compared with the year before. Average cost of a room last year was $157 per night.

2016-03-11 ABC Rural: Humpty Doo barramundi farming pioneers Top End success

Humpty Doo Barramundi is now the biggest producer of farmed barramundi in Australia, and the second biggest in the world… putting out about 2,000 tonnes of barra at the moment. "Nationally farmed fish is another 5,000 tonnes and we import about 13,000 tonnes of that species as well so there is a huge opportunity, just domestically, to grow the NT share of the market… Across the next 10 years Humpty Doo Barramundi want to increase their production from 1,500 tonnes a year to 10,000 tonnes.

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-03-03 NT News: Sales of homes set for take off

Raine and Horne Darwin general manager Glenn Grantham said he expected the number of residential sales in Darwin to return to 2013 levels, driven by interstate investor activity… (he) credited strong rental yields for driving the activity. According to Core Logic RP Data, yields for houses in Darwin were sitting at 5.3% compared to the combined capital city average of 3.4%. Darwin’s average yield for apartments - 5.1% - also contrasted favourably with the combined capital city average of 4.3%.

2016-02-29 HIA Economics: Increased activity on the horizon

ABS home lending data for December 2015 shows that national owner occupier loans for new home construction and purchase recorded their highest levels since late 2009, with the number of new home loans increasing during December 2015, most strongly in the NT (+29.3%).

2016-02-29 House of Representatives: Ichthys field into Darwin

In the course of the next 40 years that project will generate jobs that will be generational in their impact on our communities, particularly through the Kimberley and through Darwin. That project alone will generate business in the order of $100 million a year.

2016-03-05 Marinelink.com: Australia: The World’s Next LNG leader

According to a new report from Accenture, Australia’s Liquefied Natural Gas (LNG) industry is poised to become the world’s largest and most technologically advanced, contributing more than AUD$55 billion to Australia’s GDP in 2020.

2016-03-01 Fraser Institute: Australia Top Spot for Mining Investment

Annual survey rates 109 jurisdictions around the world based on geologic attractiveness and the extent government policies encourage or deter exploration and investment… 3 Australian jurisdictions finished in the top 10 worldwide: Western Australia (1), Northern Territory (7) and South Australia (10).

2016-02-29 House of Representatives: Defence White Paper

…recalibrates northern Australia as the epicentre of regional engagement into the future… $20 billion being spent in the Northern Territory is just a phenomenal amount… The NT Master Builders Association's chief executive, David Malone: “for the construction sector, the white paper paints a compelling picture, one that will bring a smile to many businesses and the 12,000-plus workers who rely on the industry for a living … The white paper speaks of multiple projects over multiple years, across almost all facets of construction”… In addition… the US force posture initiatives will be worth an estimated $2 billion to $3 billion.

2016-03-02 House of Representatives: Minister for Northern Australia

Northern Australia... deliver(s) from our northern ports more than 50% of our exports… more than 11% of our GDP from just 6% of our people… We believe that the natural advantages that the North has should be reinvested in and that the government should focus on them… We are doing that through establishing a $5 billion low concessional loan facility and investing $600 million in roads across the north to help improve connections between communities and an additional $100 million specifically in our beef supply chains to get down costs in our beef sector. Through all of these investments we will make a stronger and more prosperous north.

2016-03-04 Economic Brief: Retail Trade January 2016

Trend retail spending in the Territory increased by 0.5%... Nationally, retail trade turnover increased by 0.3% in the month.

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

 

2016-02-24 Australian Pipeline: Ichthys offshore flowlines installation complete

140 km of rigid subsea flowlines have successfully been installed for the INPEX-operated Ichthys LNG Project … in a water depth of up to 275m to carry reservoir fluids from 20 subsea wells to the project’s two floating processing facilities.

2016-02-22 ABC Rural: works continue on schedule

The INPEX gas plant at Blaydin Point continues on schedule, with the roofs of two 165,000 cubic metre cryogenic tanks just completed… The first production of LNG remains scheduled for the end of 2017.

2016-02-23 Mining-technology.com: TNG’s Mount Peake min

Downer has signed a MoU to provide development, construction, and mining services to TNG's Mount Peake vanadium-titanium-iron project in Northern Territory... Mount Peake is estimated to have a design capacity at 17,560t tpa of vanadium pentoxide, 236,000tpa of titanium dioxide and 637,000tpa of pig iron.

2016-02-27 NT News: Fresh ammo for NT economy

Defence spending in the Territory has steadily grown to be worth roughly 7% of our gross state product. This equals $1.5 billion and is driven by the servicing of 6100 defence force personnel who are based here… Chamber of Commerce NT CEO Greg Bicknell: “An investment of more than $8.2 billion in infrastructure in the coming decade will be a significant boost to the construction industry and flow-on effects will be felt in the wider economy… The US Force Posture Initiatives will be worth an estimated $2 to $3 billion over the same period” … The pivotal piece of Defence infrastructure may prove to be the… $500 million marine industry park with ship-lift facility. It is strategically important because there are no ship lifts between Perth and Cairns. Expressions of interest for the facility will close at the end of next month with more than 30 international companies expressing interest.

2016-02-26 ABC: Defence White Paper: NT economy set for massive boost

All 3 arms of the defence forces based in the Top End will receive $20 billion in the next 20 years to upgrade and support a growing military presence in Northern Australia. The funding, attached to the latest Defence White Paper, allows for major upgrades and investment to the Northern Territory's defence infrastructure… While some of the money will not flow until 2025, the Territory economy will see some immediate benefits with $70 million to be spent over the next 10 years upgrading Robertson Barracks. Also slated is a $1.2 billion upgrade to the Larrakeyah and HMAS Coonawarra bases. That money will flow until 2025 when another $2.1 billion will be spent. HMAS Coonawarra will be upgraded so it can support an increased maritime force, including some of the 12 new offshore patrol vessels that will be based in Darwin. Money has also been set aside to enhance airbase capacity in the top end with $5.6 billion rolled out after 2025.

2016-02-22 Media Release: NT Government showcasing local business

Territory Expo will be held 29-30 April 2016 and follow directly from the BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-The Philippines East ASEAN Growth Area) Ministerial Meeting.. It will run alongside the Regional Australia-Asia Chambers Forum which has attracted a strong response from interstate and international Chamber of Commerce representatives…

The Territory Expo exhibitors will be made up of around 80% SMEs and 20% major businesses from industries such as Oil and Gas, Agribusiness and Defence, there will also be a contingent of international exhibitors from Timor Lesté and Eastern Indonesia.

2016-02-26 NT News: Joyce unveils $10m irrigation study

Major opportunities to expand irrigated agriculture across Northern Australia are a step closer with a $15 million Northern Australia Water Resource Assessment by the CSIRO… The work underway is on water resource assessments of… the Finniss, Adelaide, Mary and Wildman river basins in the Darwin region… we are also investing a total of $10 million in a feasibility study to look at expanding the Ord irrigation scheme into the Northern Territory.

2016-02-24 Media Release: 233 new international students welcomed to the NT

Minister for Education Peter Chandler said more than 2000 international students are studying at Northern Territory education institutions from countries including the Philippines, China and India. “International education has contributed more than $60 million dollars to our economy in the past year” … The Northern Territory Government’s International Education and Training Strategy 2014-2024 aims to grow the education sector into a top five export earner for the Top End. In 2014, it was the Territory’s ninth largest export.

2016-02-22 House of Representatives: Hansard

At the end of 2014 financial year there were 14,289 registered businesses in the NT… 78.2% are based in Darwin and Palmerston. 6.6% are in Alice Springs, 5.3% are in Katherine and approximately 10% are across the rest of the NT.

2016-02-24 Economic Brief: Construction Work Done December Quarter 2015

In 2015, total construction work done in the Territory increased by 14.9% to $8.6 billion, compared to 2014. This was the highest year-on-year increase of all jurisdictions.

2016-02-24 Economic Brief: Wage Price Index December Quarter 2015

The Territory’s WPI increased by 0.6% in the December quarter 2015 (nationally 0.4%)… In 2015, the NT recorded the third highest year on year growth of the jurisdictions.

Disclaimer The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

 
12 O’Sullivan Circuit, East Arm NT 0822 +61 08 8943 7300 enquiries@ gwelodevelopments.com.au

Gwelo Developments has built a strong reputation in Darwin since 1975 and the company is well known and respected. Its developments have stood the test of time and been highly innovative and the Gwelo team is a strong team of long established professionals. Skills encompass a full range of construction and project management, commercial developments and residential design providing outstanding home owner, commercial, retail and investor options.

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