NT There's a potential case for a Darwin boom.

Bring it on

 

An Article with a headline about the environmental impacts. It also says the feds are wanting to put 3.5B in instead of 1.5B.


Darwin Harbour Middle Arm expansion plan slammed by critics as 'extraordinary fossil fuel subsidy'

 

This is the challenge. Its the wrong sort of thing for this day and age. its a hard sell when the planet is cooking.
So hard to know if this will proceed.
But if it does, Darwin will go nuts. Already not really enough dwellings even in the quiet times

 

Maybe. The vacancy rate up here is about to balance out and hit 3%. Not necessarily a bad thing.
That will indeed change the moment another big project is announced.

Re the environmental stuff. It's just not that simple unfortunately.

I work in electricity and we're grappling with this right now. Believe me, all we want is to be completely renewable. Not only is it better for the environment but it's a country mile cheaper per MW/H. It's a no brainer.

The problem is base load and night time.

Generation at night time is still quite the challenge and will be so for another decade or two. Pumped hydro, flow batteries and wind are all going to help but none of them are quite enough.

Coal is awful and being phased out, but the next best interim option is gas. It's not ideal but way cleaner than the other options.

Nuclear is also an option but prohibitive in terms of cost.

We're going to need gas for a few more decades. It's just the way it is.

Carbon capture on the other hand is stupid. It hasn't worked properly anywhere is super expensive and just plain dumb when you can put these magic sticks in the ground that suck carbon out of the air for free ....

 

Eva Lawaler just became the NT chief minister. Eva is very pro development and very pro middle arm.
Eva Lawler to become Northern Territory chief minister

 

Finally found a good reason to invest in darwin. u can get a house in Humpty Doo!!!

 

Received this from an agent today. Take with a mountain of salt...

Mr Glenn Grantham, General Manager Raine & Horne Darwin predicts robust double-digit growth for Darwin real estate in 2024 driven by significant infrastructure projects and job creation.

Noteworthy investments in Darwin, including the Department of Defence's $6 billion commitment, Santos' Barossa gas project, and the Ship Lift Facility, expected to generate thousands of jobs and foster local economic growth. 2024 promises greater job availability due to a multitude of infrastructure projects either continuing or coming online.

The Department of Defence is investing over $6 billion in the Darwin region, and this investment is set to create 7,640 jobs beginning in 2024.

There is also Santos' $5 billion Barossa gas project that despite delays is now advertising employment opportunities.

We also have the CBD campus of Charles Darwin University fast approaching completion that will bring students and staff from far and wide to Darwin.

Mr Grantham anticipates heightened investor interest in the apartment market in the Darwin CBD and the housing market in northern suburbs such as Alawa, Jingili, Leanyer, Moil, Tiwi, and Wagaman as prospective hotspots in 2024.

Additionally, Darwin's consistent 7-8% investment property yields will reinforce this city’s position as a reliable investment destination in 2024.

 

Do they make eggs there?

 

these are actually small numbers.
darwin has ~ 136k jobs, so ~ 8k jobs is 4%.
u can take rockingham as an example in 2018/19(!), where defence contributed 1.5 B and ~ 8% of jobs and market didnt move. https://rockingham.wa.gov.au/forms-...ment/city-of-rockingham-investment-prospectus

overall, relying on defence (mainly) is not a convincing case to invest. new goverment - new defence contracts. comes and goes.

 

The last time we had an instant 8k jobs was with Inpex - and the place went mind-meltingly bananas.

 

I actually think they should grow rice up there instead where it's currently grown which dries up the Murray Darling. Wee waa looks like an oasis in a desert.

 

Darwin is starting to move now. I'm seeing selling prices rise and more interest.

It's nothing like Perth, but there is definately a slow and steady upwards movement.

Might take a month or two for this to show up in the data.

 

Hi Hammer. this is interesting. Is there anyway I can reach out to you, privately? I have been looking around the country, and quite considering Darwin now due to the high yield.
I have properties across WA, QLD and NSW and now considering NT as these markets have become super competitive.

 

worth noting that HTW have called Darwin as midnight / top of market

 

Interesting. I wonder if they can see something that I can't?

 

Their clocks can always go backwards.

i remember 1 year ago they said perth was reaching peak… now its rising again

 

The Senate enquiry into Middle Arm kicks off today.

A senate inquiry into the Middle Arm Industrial Hub begins today. Here's what to expect

 

ask them and report back

 

I think midnight means - not going to grow. but not rising.
Their clock can go backwards.
They cannot say its start of recovery. No green shoots. And it is not falling either. So midnight is best description.

 

Tamboran Resources Corporation Signs Binding GSA with Northern Territory Government

Fracking has officially started in the NT.