The Territory Labor Government has today released its blueprint to ensure sufficient supply of residential land to cater for population growth across the Territory for decades into the future.
Undertaken by Team Territory co-chair Dick Guit, the review involved consultation with key stakeholders and industry from across the Territory.
The final report – Bringing Land to Market: An Independent Review of the Land Development Processes, Land Under Development and Titled Land – outlines makes recommendations on how to deliver more titled land to market and to keep pace with anticipated demand for new housing in regional centres.
The Territory Labor Government is planning for the future and working towards achieving a $40 billion dollar economy by 2030 – and with this economic and jobs growth will come more demand for people.
The Northern Territory’s economy is continuing to strengthen – with Deloitte forecasting economic growth in the Territory will be the strongest in the nation in 2022.
It is critical that as our population increases, we have land and housing available.
A cross-agency effort is already underway to progress the 23 recommendations of the report, including:
planning for future demand across the Territory – so land and infrastructure can be delivered where it is needed and at the right time;making processes to bring land to market as efficient and as easy as possible – providing more certainty to Territorians and local business; andcontinuing to work with stakeholders to deliver affordable and accessible housing.
The Territory Labor Government is getting on with the job, with work to harness the projects under such as, land investigation and preliminary design works underway for population growth in Holtze, Kowandi, Katherine East and Kilgariff in Alice Springs.
To read the report please visit here
Quotes from Chief Minister Michael Gunner:
“There is strong confidence in the Territory – as our economy continues to grow and major projects accelerate across the Territory, more businesses are choosing to invest and expand here.
“We want people living locally, spending locally, and raising kids locally. Work is already underway to deliver more land – as our economy and population grows”.
“We are the Comeback Capital – and we’re making it as easy as possible for Territorians, both new and old, to own their own patch of the Territory whilst planning for growth well into the future.”
Quotes from Minister for Infrastructure, Planning and Logistics, Eva Lawler:
“The Territory Labor Government is planning for the future of the Northern Territory.
“The recommendations of this report build upon ongoing initiatives that we currently have underway including planning, land investigation and preliminary design works being undertaken to support population growth across the Territory including Holtze and Kowandi, Katherine East and Kilgariff in Alice Springs.
“We are making the Territory the best place to do business, and this review will help pave the way future growth and economic development.”
Quotes from the Team Territory co-chair Dick Guit OAM:
“The Bringing Land to Market report focuses on the central themes of land needing to be available at the right time and place, while ensuring sufficient land supply continues to be planned and delivered.
“Sufficient Land Under Development is key in order for broader development to take place. It is also essential that developers and their consultants to continue to engage early with service authorities to identify the broader context, constraints, opportunities and potential risks which may apply to a subdivision.
“The primary purpose of this Review is to enhance the current Land Development Process to achieve a Titled Land Supply that satisfies the market demand in a timely and efficient manner, while assisting the Territory to reach is $40 billion economy goal by 2030.”
