2016-10-29 NT News: Homebuyers back in force in Territory
Glenn Grantham, Raine & Horne Darwin general manager, said first homebuyers were out in force looking to make the most of incentives for established homes and southern investors were being tempted back to the Top End with strong rental yields.
2016-10-27 Property Observer, Herron Todd White: Darwin property market
Since 1 September the market has sprung to life again as the new first home owner incentives for existing properties came into play… "The greatest benefits will be more sale transactions, shorter marketing periods and more opportunities for people to enter the property market."
2016-10-24 Media Release: More first homeowners making their future in the NT
The scheme will increase stamp duty relief for first home buyers of established homes and continue the existing stamp duty assistance for new homes… Home owners are also taking advantage of the $10,000 renovation grant for first home buyers of established homes. Of this amount, $2,000 can be spent on household goods (... also applies to first home buyers purchasing or building new homes).
All renovations and purchases under the scheme need to be sourced through local Territory businesses. Territory Government introduced the substantial increase in assistance on 1 September 2016, with a maximum stamp duty concession of $23,928.60 for established homes valued at $650,000 or less. This equates to no stamp duty on the initial $500,000 value of the home. For established homes valued at more than $650,000, a $10,000 stamp duty discount is available until 31 December 2016.
2016-10-24 Property Observer: Average median rent: rent.com.au
Northern Territory Median Rent: Darwin apartments and houses experienced an overall 6.8% rise in median rent to $470 in Q3 from $440 in Q2. NT saw the largest increase in rent overall in regional areas, rising 7.1% in Q3 to $450 per week, from $420 (Q2). And the median price per room in Darwin in Q3 was $175.
2016-10-27 NT News: INPEX
The Ichthys LNG Project reached 87% construction completion in June… more than 11,000 locally-based people have worked at Bladin Point and a cumulative total of around 27,000 people. More than 4.000 project commitments have been made to more than 1000 NT-based companies. This includes 55 Aboriginal and Torres Strait Islander businesses securing $127 million in contracts. More than $9 billion is flowing within the NT economy as a result of project activity. During the 40-year operational phase it is estimated that at least $500 million of contracts will be available each year to support the operation of the plant.
2016-10-26 Reuters: China is more than LNG’s best hope, it’s a microcosm
Imports over the first 9 months of 2016 were 17.87 million tonnes, up 26.5% over the same period in 2015… China's biggest LNG supplier is Australia, with imports jumping a massive 101.3% in the first 9 months of the year to 8.13 million tonnes. This puts Australia's share of China's imports at 45%.
2016-10-27 The Australian: Millners test feasibility of Ammaroo phosphate project
Rum Jungle, 38% owned by the Millner-controlled Washington H Soul Pattinson after a May equity raising, has kicked off a feasibility study on the Ammaroo phosphate project, 240km SE of Tenant Creek. The first stage of the project is seen as having a roughly $300 million first stage that would produce 1 million tonnes of phosphate rock concentrate for Asian markets. Beyond this, broader plans involve a push to expand into a $1bn-plus ammonium-phosphate fertiliser operation with downstream processing.
Chris Tziolis: “Northern Territory is one of the few parts of the world where you’ve got the 3 key nutrient ingredients, nitrogen from gas, phosphate and potassium, all within close proximity.” Adelaide-Darwin railway features heavily in the plans. “You can service Australian markets through South Australia into western NSW and Victoria, and north to Darwin for distribution in Northern Australia, if we can get agricultural growth going there, and into Asia.”
2016-10-24 ABC Rural: $1.5 billion Project Sea Dragon
Seafarms Group has completed a $1.3 million upgrade of its prawn quarantine and founder stock facility in Exmouth, WA… Project Sea Dragon managing director Chris Mitchell said the facility was now operational and home to the first batch of prawns which were collected from Northern Territory waters… Exmouth was selected as the ideal location for the quarantine facility due to its geographic isolation from all other aquaculture activities, including the company's own hatchery and grow-out facilities planned for the Darwin and Kununurra regions..
Once the prawns were determined to be free of any disease or health concerns, their offspring would be sent to a core breeding centre near Darwin to develop a domesticated breeding population. That population will then be used to produce juvenile prawns at a separate hatchery. From there those juveniles will be transported into Project Sea Dragon's commercial grow-out production ponds at Legune Station near the WA/NT border.
2016-10-28 Media Release: Agricultural Ties, Japan
Chief Minister Michael Gunner today met with Mr Katsuo Yakura, Parliamentary Vice Minister for Agriculture, Forestry and Fisheries… The Northern Territory Government and the Japanese Ministry of Agriculture Forestry and Fisheries moved an important step closer to an official Memorandum of Cooperation… particularly in soybean, barramundi and asparagus… The Chief Minister also met with the Fuji Oil Seed Company… about potential collaboration for soybean research to determine the commercial viability of new tropical varieties.
2016-10-26 NT News: US Defence Official heading to the Territory
Naval Facilities Pacific is planning to run a briefing process. NAVFACPAC is based out of Hawaii and helps co-ordinate the US marine rotation. (www.fedbizopps.gov)
2016-10-24 Charles Darwin University: E-news
The School of Education recently hosted His Excellency Mr Ngoy Mak, Director General of Higher Education in Cambodia, to showcase and further its ongoing partnership with Cambodia… The fellowship program is one of several higher education pathways developed between CDU and the Ministry of Education of Cambodia as part of a 3-year partnership collaboration.
2016-10-24 Charles Darwin University: E-news
A $2 million research grant to work towards the prevention, control and elimination of malaria and tuberculosis in South-east Asia and the Pacific has been awarded to a consortium led by Menzies School of Health Research, in collaboration with the Burnet Institute… The consortium will work hand-in-hand with partners in Indonesia, PNG and Malaysia.
2016-10-25 NT Legislative Assembly: Arafura Games
The Arafura Games is an exciting opportunity in 2019, an opportunity for local and Australian sport, an opportunity for tourism and an opportunity for business.
2016-10-24 Economic Brief: CommSec State of the States October 2016
The Northern Territory was ranked the 4th best performing economy again this quarter in terms of overall economic performance, above SA, Qld, Tas, and WA. NT was ranked 1st for economic growth (increase of 24.1% above the decade average level), unemployment (lowest trend unemployment rate of 3.4%, 14.6% below NT’s decade average), and construction work done (the level of construction work in June Qtr 2016 being 30.6% above the decade average level).
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