After recently delivering a set of promises to boost the housing market in the Northern Territory, the government has now acted upon its word with the first of its series of developments.
Minister for Housing Peter Chandler announced in an August 22 media release that the first of 21 developments to build hundreds of homes in the NT has now been formally agreed.
The initial developments aim to bring 800 new homes to cities across the territory, including Darwin and Palmerston.
These new homes will be targeted at skilled workers in the most vital sectors in the territory, according to Mr Chandler, and are the first step towards achieving the government's goal of building 2,000 affordable new homes in four years.
He further outlined that the new housing developments aimed to keep essential workers in the territory and to ultimately build on the territory's economy.
"The Territory needs our workers as the Country Liberals captures the potential and the opportunities that will move us forward to greater economic prosperity," he said.
"We want workers and their families to be able to stay and enjoy the unique lifestyle."
The commencement of the developments will be great news especially for those looking to invest in real estate in Darwin, as the local property market is likely to boom with the influx of new homes.