Eight-Storey Apartment Block Back Before NT Government

Plans for an eight-storey apartment block in Darwin are again before the NT Government. The block proposed for the 992sq m site at 150 Smith Street at Larrakeyah, 2km north-west of the city centre, would comprise 11 apartments, 10 of two bedrooms and a single five-bedroom, two-storey penthouse. The plans by SR Developments also include 23 carparking spaces and lockable racks for four bicycles. A pool, barbecue area and gym would also be on the ground floor, while a hanging foliage wall on one side of the building would improve amenity, the developer said, with automated sprinklers used to maintain the plants. As well, hanging vine walls would feature on each apartment’s balcony. Most apartments would have two such balconies. Two apartments would occupy each floor from levels two to six, while the penthouse would occupy levels seven and eight. The site is zoned HR, which allows buildings of up to eight storeys. The project was approved in January, 2020, however SR Developments did not proceed with the project and the permission lapsed. The developer refiled its plans last month. The NT Government’s planning wesbite lists Samir Raut, Sohum Raut and the SR Family Company as applicants. ASIC documents show Samir Ramut is listed as the director and secretary of SR Developments Pty Ltd. The developer said the site was within walking distance of the Darwin CBD, the Gardens Golf Park, Darwin Cricket Oval, Mindil Beach and the Darwin Botanical Gardens, and a bus stop was 100m away. ▲ A top-down render of the apartment block proposed for the Darwin site. A tropical-style elevated house on the site would be demolished under the plans. The plans are now on exhibition, which is due to end on October 11. Darwin has one of the nation’s tightest rental markets—the PropTrack Market Insight Report showed the city’s rental vacancy rate fell 0.11 of a percentage point in August to 0.93 per cent, making it the second tightest in the country. Meanwhile, Darwin home prices were up year-on-year, according to PropTrack, despite a monthly drop in values in August. The median home price in Darwin fell 0.27 per cent in August to $509,000 but was up 1.05 per cent compared with August, 2023. The median house price fell 0.28 per cent that month but was up 2.26 per cent year-on-year to $584,000, while the median price for apartments was $378,000, down 0.23 per cent month-on-month and 2.44 per cent on the previous year. SR Developments was contacted for this story.

Eight-Storey Apartment Block Back Before NT Government

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Eight-Storey Apartment Block Back Before NT Government

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