News

2016-07-06 Economic Brief: APM House and Unit rents June quarter 2016

The asking rent for houses in Darwin (average $550) remained the highest of the capital cities. Sydney continued to have the highest asking rent for units in the June quarter 2016 ($525), with Darwin reporting the second highest asking rent ($440).

2016-07-01 Property Observer: Average gross rental yield: CoreLogic

Gross rental yields for Darwin: Houses: 5.1%, units 3.9%.

2016-07-08 ABC Rural:
Hunt for lithium in the NT being supercharged by renewable energy boom

A record number of mining companies are exploring for lithium in the Northern Territory, as the price for the soft metal hits new highs. Ian Scrimgeour from the NT Department of Mines and Energy said the level of exploration was extraordinary and 2016 was shaping up to be "the year of lithium in the NT… driven by the growth of renewables, particularly batteries for electric vehicles and renewable storage. The renewable energy industry in China is booming and that's what's driving a lot of the demand." Mr Scrimgeour said up to a dozen companies were currently exploring for lithium in the NT, with many looking at the Bynoe region near Darwin.

2016-06-29 NT News: Groote Eylandt mine given new lease of life

South32 GEMCO, Australia’s oldest manganese mine, has been given a life extension with the signing of an agreement opening up new leases for mining and exploration on Groote Eylandt… allows for an expansion of mining operations to the east of the existing tenement and for exploration in a southern 26,000ha lease.

2016-07-06 Beef Central: 2015-16 year’s defining sales

Jul’15: Chinese billionaire Xingfa Ma purchased 705,700ha Wollogorang and Wentworth Stations for about $47 million, including 40,000 head. Nov’15: 560,000ha Murray Downs and 265,000ha Epenarra Stations sold to Filipino businessman Romeo Roxas for $20 million+. Dec’15: 100,000ha cattle breeding stations Walhallow and Cresswell Downs sold for a reported $100 million to Singapore-based retail magnate Brett Blundy and pastoralists Adrian & Emma Brown.

2016-06-28 ABC Rural:
Poppy company gets approval to plant over 100 hectares in the Northern Territory

TPI Enterprises has received approval from the NT Government to plant a commercial crop near Katherine this year.

2016-07-07 NT News: Defence unity for Pitch Black

Running from July 29 to August 19, the Exercise Pitch Black will include participants from Canada, France, Germany, Indonesia, the Netherlands, New Zealand, Singapore, Thailand, Turkey and the United States as well as our own army and air force. It is the Air Force’s largest operational collective training activity with up to 2500 personnel and 115 aircraft.

2016-07-03 Sunday Territorian: More ships on the way US bolsters Pacific presence.

Head of US Marine Corps Force Command, Lieutenant General John Wissler, said the Pentagon planned to dispatch another 3-ship amphibious ready group to the Asia-Pacific region as early as October 2018. The Marine Corps Times reported that the ships would likely carry an embarked Marine Expeditionary Unit. That would see an extra 4000 sailors and Marines in the region... the goal of the MEU was to augment the number of Marines already coming to the Top End as part of the annual 6-month Marine Rotational Force Darwin deployment.

2016-07-05 2016 Media Release: Education puts Territory on international stage

The Northern Territory is proud to be home to more than 2,000 international students who choose to study in our schools, vocational education and training programs, English Language Centres and at Charles Darwin University.

2016-07-07 Economic Brief: International Trade May 2016

In May 2016, the Territory's monthly trade balance increased by $38 million to $233 million. The increase in the trade surplus was driven by a $29 million increase in the value of goods exports and a $9 million decrease in goods imports. In the month, the increase in the value of goods exports was primarily driven by a $37 million increase in exports to Indonesia. Also driving the change was a $13 million increase in exports to China.

2016-07-04 Economic Brief: Building Approvals May 2016

In May 2016, the trend monthly number of residential building approvals in the NT increased by 19.1%. This was the largest increase of the jurisdictions.

2016-07-04 Economic Brief: ANZ Job Advertisements June 2016

In June 2016, the trend average weekly number of newspaper job advertisements in the NT increased by 6.5%. The Territory was the only jurisdiction to report an increase.

2016-06-29 Economic Brief: Engineering Construction Activity March quarter 2016

In the year to March 2016, engineering construction work done in the NT: $6.8 billion.


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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