The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
5
print
Print
Real EstateTue 17 Apr 18

Secret Spy Base Boosts Local Property Market

7e734b74-6749-43b9-84d9-24dc4c051cab

Alice Springs has seen an upswing in market activity recently, thanks to its resident secret spy base.

Shrouded in mystery for many Australians, Pine Gap is a joint United States-Australia military spy base, and according to reports, it’s been driving up the local property rental market.

Changes to Pine Gap’s employment provisions, which formally supplied housing for its employees, now mean they must rent or buy their own accommodation.

But if you ask Andrew Doyle from the Real Estate Institute of the Northern Territory he says the biggest changes to the local property market has been changes in the first home buyers grant. Not the impact of Pine Gap.

“The real impact of the changes from Pine Gap is the increase of employees entering the rental market,” Doyle said.

Related reading: Enter the NIMBYs, YIMBYs… and the PHIMBYs

The changes have also seen a greater number of Defence housing stock released to market over the past 12 months.

Pine Gap has also garnered attention of global media giant Netflix, with a six-part political thriller series of the same name.

The new show, which probes the allegiance between Australia and the US at the spy base facility, also positions Australia as ripe to produce original content for the streaming giant.

In a joint production between Netflix and the ABC, filming of the first series will take place in Adelaide and parts of the Northern Territory.

Production of the Netflix series ushered multimillion-dollar investment in South Australia as well as generating local jobs.

The six-part series, “Pine Gap” created by Greg Haddrick and co-writer Felicity Packard, is said to reveal hidden secrets of Australia’s top international defence facility.

InfrastructureAustraliaOther
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
Sponsored

Carpet Zones Bring Clarity to Open Layouts

Partner Content
Using carpet to define zones adds clarity in open-plan interiors without relying on walls. Carpet Court explains how…
LATEST
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
2 Min
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
Interiors

Carpet Zones Bring Clarity to Open Layouts

Partner Content
4 Min
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/secret-spy-base-boosts-local-property-market