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  Commercial Property Outlook 2008 - Northern Territory

The new 100 hectare Darwin commercial business park is now operational and providing connections to national highways and train facilities. This spurred investment in 2007 and is forecast to continue as businesses see the commercial advantages of importing directly into Darwin.

The mood remains buoyant in Alice Springs with a number of major projects being completed in the past twelve months.

The Imparja Television Office, Quest Apartments complex and Yeperenye Shopping Centre all indicate substantial confidence in local investment.

2008 will witness the $30million re-development of the Melanka Backpackers complex, reflecting evident confidence in tourism.

The winning of Solar City accreditation, as part of a $75 million Federal Government initiative, will likely enhance the appeal of Alice Springs to commercial investors through 2008. This project is part of an overall $328.5 million Government Renewable Remote Power Generation Programme designed to increase the uptake of renewable energy technologies in remote areas of Australia, presently reliant on fossil fuel for electricity generation.



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