NT Eyes Looming Boom as Planning Commissioner Bows Out

Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston

Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities.

It rides on the back of two major projects that have already passed major environmental hurdles: Tamboran Resources’ Beetaloo Basin shale gas project with 14.15 trillion cubic metres of gas (1000 times annual domestic consumption) and SunCable’s $30-billion-plus solar energy proposal for an Australia-Asia Power Link.

These projects are expected to drive major spikes in population growth, property prices and rent. 

TUD+ Member Only Content

Want to read more?

Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.

Article originally posted at: https://www.theurbandeveloper.com/articles/nt-seeks-new-planning-commission