News

2016-05-27 Property Observer: NT Budget helping first home buyers

The 50% stamp duty discount announced in the Northern Territory Budget will drive more first home buyers into the local market in Darwin and Palmerston says Glenn Grantham, general manager of Raine and Horne Darwin. The discount applies to built properties valued up to $450,000 and is capped at $10,000 for more expensive properties until 30 June 2017. The first home buyer grant of $26,000 remains.

2016-05-23 LNG Industry: Neptune wins Ichthys LNG contract

350 concrete mattresses, which will be utilised for flowlines walking mitigation on the INPEXoperated Ichthys LNG project… will be manufactured at Neptune’s yard in Batam, Indonesia, utilising heavy density concrete. They will weigh approximately 60 t each.

2016-05-24 Australian Pipeliner: Jemena thinking ahead with NGP

Jemena has revealed its vision of linking Mt Isa with Wallumbilla via a pipeline once the Northern Gas Pipeline (NGP) has been completed… the benefits would include: Improved reliability of the gas transmission network; Reduced reliance on Moomba; Increased competition; Supporting growth of the Northern Territory gas sector.

2016-05-25 Asian Oil & Gas: NT budget highlights onshore investment

2016-17 budget will support local businesses and diversify the NT economy through industry development. This includes $5.95 million to continue the Creating Opportunities for Resourcing Exploration initiative designed to assess the Territory’s shale gas potential and stimulate mineral resource exploration.

2016-05-25 ABC Rural: Cattle business Australian Agricultural Company announces record net profit of close to $68 million

AACo managing director Jason Strong said the numbers proved the publicly-listed company is making "good progress" as it transitions to a more vertically-integrated model… Mr Strong was happy with the performance of AACo's $91 million beef processing plant near Darwin. "The operation is going very well… The Livingstone plant is currently processing an average of 480 head of cattle per day on a single shift.”

2016-05-27 The Australian: Chinese regional strategy “One Belt, One Road”

Malcolm Broomhead, the chairman of Asciano and Orica and director of BHP Billiton, who will chair the ”OBOR” advisory group… said there was strong Chinese interest in the agricultural and infrastructure opportunities for northern Australia development, with Darwin’s port now operated by Chinese company Landbridge.

2016-05-27 ABC Rural: Piñata Farms expanding its mango empire

One of Australia's biggest mango producers has just planted 3,000 mango trees near Katherine and will next week start planting 17,000 mango trees near Darwin in the NT. It marks the start of a major expansion project by Piñata Farms which owns the rights to the Honey Gold mango variety. Managing director Gavin Scurr said the company will plant an extra 13,000 mango trees near Darwin in 2017 and continue planting extra trees at Katherine… We've got customers out there demanding more and there's export opportunities such as the US market, which has recently opened and is showing some huge potential.

2016-05-24 Media Release: $2m boost for mango growers

NT government today launched a $2 million investment in mango production by putting up seed capital for a Vapour Heat Treatment plant in the NT for the mango industry… enables local growers, to process and export (direct) from the NT.

2016-05-28 NT News: Reptile industry hatching top plan

East Arnhem farming project will be expanded to produce 2000 saltwater crocodiles… (with) a $400,000 grant for the Arafura Swamp Ranger Aboriginal Corporation who are farming hatchling saltwater crocodiles from the Ramingining area with Australia’s largest crocodile farmer… This is the first ever remote community crocodile hatchery and puts an Aboriginal Corporation at the heart of the global supply chain for the international luxury goods and fashion industry.

2016-05-28 The Australian: Tritons to widen scope of scrutiny

“We are looking at carrying out surveillance to the north of Australia, primarily using RAAF Tindal as the main forwarding base…” says Group Captain Roger McCutcheon, director of the Air Force Maritime ISR and Response Transition Office.

2016-05-24 Hansard: Ship Lift Facility

At full capacity our marine industries are projected to support up to 4,500 full-time jobs and inject around $3.5bn into the Northern Territory economy… government is prepared to invest up to $100m towards the project costs, and has commenced consultation with Defence, Border Force and industry to secure local marine maintenance commitments to underpin the ship lift.

2016-05 Australian Defence Magazine: Armidale sustainment tender released

Sustainment of the 13 Armidale class patrol boats for the next 5 years … Work is to be conducted in both Cairns and Darwin.

2016-05-27 NT News: Rise of cruise exploration

Darwin receives almost 40 cruise ships annually, with $54 million injected into the local economy in the last financial year through overall cruise shipping. Overall, cruise passengers increased 14.6% in 2015.

2016-05-23 NT News: Extra-long train off on record roll

The Ghan departed Adelaide bound for Darwin yesterday with 44 carriages and two locomotives at a total length of 1,096m – more than 200m longer than a standard Ghan service… The service is the beginning of nine consecutive weeks of 1km-long trains departing Adelaide in which 5884 platinum and gold service guests will make the transcontinental journey.

2016-05-24 Hansard: NT Treasurer

Last year the Territory economy grew by an impressive 10.5%, the highest rate of growth since 1998-99. Underpinning this growth is business investment, which grew by 18.7% in 2014-15, the fourth consecutive year of strong growth. The Territory government will be contributing to investment in 2016-17 with a near record of $1.7bn of infrastructure spending.

2016-05-25 Economic Brief: Construction Work Done

In the year to March 2016, total construction work done in the Territory: $8.2 billion

2016-05-24 Media Release: Additional funding to support increased enrolments

NT had the highest government recurrent expenditure per full-time equivalent government school student in Australia ($23,578) in 2013-14, spending 45% more than the national average ($16,177).

 

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.

2016-05-21 Media Release: Stamp duty discount will stimulate property market

Budget 2016 delivers a 50% stamp duty discount for first-home buyers of established homes valued up to $450,000 and capped at $10,000 thereafter… concession will apply from 24 May 2016 until 30 June 2017 and be reviewed in the 2nd quarter of 2017 to determine if it should be extended. For homes valued above $450,000, first-home buyers will be entitled to the maximum stamp duty discount of $10,000… First-home buyer assistance for the purchase of new homes remains in place, with a significant grant available of $26,000.

2016-05-18 SQM Research: rents index week ending 12 May 2016

Darwin houses: $566.20; Units: $434 (Capital city average - Houses: $545, Units $430.)

2016-05-18 NT News: City growth predicted with $29.5 million Barneson road link

Barneson Boulevard project will remove current constraints to growth, create jobs in the Darwin Region and open up new areas for potential development in the Top End’s primary employment and entertainment hub.

2016-05-18 NT News: INPEX

$34 billion project is reaching its peak construction phase. At this point it employs about 7,000 people and will peak at about 8,000 by the September quarter of this year… general manager Sean Kildare: “This project’s economic presence in the Northern Territory measured from the day of our investment decision which was January 2012 through to the operational phase which starts next year, will grow the Northern Territory’s gross state product by 17%, it is the single largest part of the economy.”

2016-05-20 NT News: Territory looking at fuel facility

$500,000 would be allocated in next week’s Budget to examine the feasibility of the Northern Territory making fuel from onshore gas… The NT imports 630 million litres of diesel per annum – equal to 10,856 barrels per day… by-products could include 20% naphtha and paraffinic wax.

2016-05-18 NT News: At the Peake of its powers

TNG Limited is poised to start development of major NT vanadium project, after a recent agreement with German engineering giant SMS group… $970 million Mount Peake vanadium-titanium-iron project, 235km north-west of Alice Springs is set to become a major new low-cost supplier of these products to global markets for decades to come.

2016-05-18 NT News: long life forecast for mine

Australian Abrasive Minerals Pty Ltd is in the final stages of construction at the Spinifex Bore Mine site (and) will produce a garnet sand product, mainly used for sand blasting, and for non-slip surfacing… production planned to begin in the 3rd quarter of 2016.

2016-05-18 NT Arafura Resources Ltd: The Nolans Project

Proposed rare earths mine and processing operation in Central Australia could supply up to 10% of the world’s demand for rare earths used in magnets… Project is on track to be in production by 2019… The company will produce 20,000 tonnes of rare earth products each year.

2016-05-17 Junior Mining Network: Newmarket Gold Announces Positive Preliminary Economic Assessment for the 100% Owned Maud Creek Gold Project

The Maud Creek PEA base case provides Newmarket with the potential to increase the utilization of the Union Reefs Processing Facility, which has the capacity to process 2 million tonnes per annum, and is currently processing ore from the Cosmo Underground Gold Mine at a rate of approximately 800,000 tonnes per year… positive results of the PEA at our 100% owned Maud Creek project provides additional flexibility for Newmarket's Northern Territory Operations.

2016-05-20 TTG Media: Northern Territory positions itself as Asian add-on

Adam Coward, executive director marketing and communications at Tourism NT: “the tourism board was working to highlight ease of access to the Territory, which can be reached in just 16 hours from London, via Singapore…. They’ll spend 14 days in the Northern Territory rather than 7 days if they come via Sydney”… Tourism NT has conducted research among the 900,000 Europeans that visit Bali each year, and found that the majority of visitors did not realise the flight time to Darwin was only 2 hours. Of those surveyed 25% said they would have added Northern Territory onto their itinerary.

2016-05-19 Economic Brief: Labour Force April 2016

Territory’s trend unemployment rate: 4.5%, 2nd lowest unemployment rate of the jurisdictions. Nationally, the unemployment rate was 5.7%. In April 2016, the trend participation rate in the Territory was unchanged at 73.8%, the highest rate of the jurisdictions, national rate is 64.9%.

2016-05-18 Economic Brief: Wage Price Index March Quarter 2016

Territory recorded the second highest year on year growth of the jurisdictions slightly ahead of South Australia … Year to March 2016: NT’s WPI was 2.3%.

2016-05-17 Economic Brief: Sales of New Motor Vehicles April 2016

In April 2016, the trend number of new motor vehicle sales in the Territory increased by 1.3% … This is the fifth consecutive monthly increase since November 2015… The Territory recorded the second highest 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.

 

2016-05-12 Property Observer: Darwin rents

Median weekly rent in the Territory’s capital is sitting at $525 for houses and $415 for units… In terms of rental yields, Darwin is still performing well. (Yield: 5.2% houses, 5% units).

2016-05-12 NT Business Review: Chain reaction proving vital for Ichthys

The INPEX-operated Ichthys LNG Project completed the offshore pre-lay of the 77km chain and cable mooring system in the Browse Basin… Supplying more than 40,000 tonnes of large-scale anchor chains for the project represented nearly 18 months of worldwide chain production … In addition to the mooring system, more than 16,000 tonnes of subsea structures and 140km of rigid flow lines have been installed across the Ichthys Field to extract gas and condensate.

2016-05-11 ABC: Shale gas the new fossil fuel frontier

A new national map of coal, petroleum and gas tenements across Australia reveals the massive potential for shale gas development in the Northern Territory… Malcolm Roberts, chief executive of APPEA: “there's $1 billion of planned shale gas exploration and investment concentrated in the Northern Territory alone. Shale gas has got a lot of potential. It's another resource that Australia has in abundance. There's quite a lot of interest in the Northern Territory.”

2016-04-29 Falcon Oil & Gas Ltd: Philip O'Quigley, CEO

"Operationally it has been a busy 12 months for Falcon, with the drilling of the joint venture's first 3 wells in the Beetaloo Basin. Results have been encouraging with excellent gas shows encountered signalling the likelihood of high level of gas saturation which is a strong indication of the potential prospectively… planning and preparation is underway for our 2016 Beetaloo basin programme.”

2016-05-06 NT News: Chinese eye $35m facility

$35 million cold store facility at East Arm might be the first project developed through the Territory’s relationship with the Shandong province in China. Shandong is the region Landbridge Group, lessee of Darwin Port, is based.

2016-05-06 Skynews: Landbridge

Landbridge also says it has plans to build a new cruise ship terminal at the Darwin port. A project it says would be worth $100 million to the Northern Territory economy.

2016-05-10 NT News: Fish farm looks to upscale its operations

Humpty Doo Barramundi Farm is proposing to triple its scale with an extra 50 production ponds to produce 90 tonnes of fish per week. The farm, near Fogg Dam, operates on 26 ponds and produces 30 tonnes a week… The roll-out of the project is expected to be done over the next 5 to 6 years with a $35 million price tag.

2016-05-12 DFAT: Australia’s trade by state and territory 2014-15

Exports, balance of payments basis, NT accounted for 2.2% (or $7.0 billion)
Imports, balance of payments basis, NT accounted for 1.7% (or $5.7 billion)
Estimated resident population (June 2014-15): 244,602 Real GSP growth: 10.5%
Proportion of Australian GDP: 1.4%. Unemployment rate: 4.2%

2016-05-12 DFAT: Australia’s trade by state and territory 2014-15

Northern Territory Major exports
Natural gas $2,578M
Other ores & concentrates $883M
Live animals (excl seafood) $585M
Aluminium ores & conc (incl alumina) $369M
Iron ores & concentrates $124M
Refined petroleum $37M
Northern Territory Major imports:
Tubes & pipes of iron or steel $1,187M
Iron, steel, aluminium structures $968M
Refined petroleum $660M
Pumps (excl liquid pumps) & parts $375M
Heating & cooling equipment & parts $293M
Hides & skins, $16M

 

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.

 

2016-05-02 Economic Brief: CommSec State of the States April 2016

The Territory was ranked 1st in terms of economic growth, with growth in trend SFD 13.2% above the decade average level… NT remained in 5th position for retail spending in the December Qtr 2015, 9.5% above the decade average… NT is assessed as having the 3rd strongest job market, with its unemployment rate of 4.5%, which was more than 11% above the Territory's decade average… NT remains in 1st place for construction work done with a level of construction work in the December Qtr 2015 being 97% above the decade average level…

2016-05-04 Media Release:
Northern Australia Infrastructure Facility passes the Parliament

Legislation to establish the Government’s $5 billion Northern Australia Infrastructure Facility has passed the Parliament enabling it to commence from July... this facility will provide financing to build the transport, energy, water and communications infrastructure needed in our north… Ms Sharon Warburton (WA) has been appointed Chair designate of the board and from July, she will be joined by: Mr Barry Coulter (NT), Mr Justin Mannolini (WA), Mr Khory McCormick (QLD), Dr Sally Pitkin (QLD), Mr Bill Shannon (QLD), Ms Karla Way-McPhail (QLD).

2016-05-04 SBS:
Budget: NT Chamber of Commerce says it contains good news for local businesses

NT Chamber of Commerce welcomed the (Federal) budget. About 96% of NT businesses are small and medium enterprises that will benefit from the new tax cuts.

2016-04-28 9News: NT defence funding to flow by end of year

Assistant Defence Minister Michael McCormack was in Darwin on Thursday to spruik the white paper, which has allocated $20 billion for NT projects over the next 20 years. "You will start to see the benefits towards the end of the year.”

2016-05-05 NT News: 250,000 cattle quota for Indonesia

Indonesia has issued an import permit for 250,000 head of cattle… More than 310,000 head were exported to Vietnam from Australia in 2015.

2016-05-07 NT News: Tourist boost a bonus for NT

Australian Bureau of Statistics data released yesterday showed the Northern Territory is firmly back in favour with foreign tourists.

2016-05-06 Media Release:
Seasonal Worker Programme Northern Australia tourism pilot takes off

Australian tourism businesses across Northern Australia will now be able to employ seasonal workers from nine Pacific Island countries and Timor-Leste to help fill seasonal labour shortages.

2016-05-01 NT News: Bumper cruise season

Tourism NT market development manager Richard Schoonraad said Insignia’s departure yesterday signalled the end of the Territory’s biggest ever cruise season. About 56,000 people have travelled to Darwin aboard cruise ships, a significant increase on previous years.

2016-05-05 Economic Brief: International Trade March 2016

Year to March 2016, the top 3 countries from which the Territory sourced its international goods imports were Japan ($1.6 billion), Thailand ($957 million) and China ($531 million). Exports: Japan ($2.2 billion, LNG exports), China ($1.1 billion, predominately mineral ores and Thailand ($435 million, mainly reflecting petroleum products from the Montara Oil Field).

 

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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