Prospective owners of property in Darwin will be pleased to hear the housing and rental market may become easier to tap into.
The AUSCO modular stayover in Darwin is an accommodation village for short-term workers involved in local projects.
It has been officially opened by Peter Chandler, Minister for Lands, Planning and the Environment.
Prior to this development, the 'fly-in fly-out workers' had to stay in hotels and other short term accommodation because the building and housing market was not equipped to cope with the increased demand.
The development will give those workers a place to stay in Darwin, meaning the industry can expand and potentially boost the local economy. Plus, there will be more vacancies for other residents looking to live in the area.
The modular accommodation village is set in Batten road, Karama and will be able to house up to 140 guests now that stage one is completed.
Once stage two is finished, capacity will increase to 500 workers.
There is also the potential for the village to one day be remodelled into a residential development providing opportunities for investors looking for houses or apartments in Darwin. These individuals will be able to utilise the infrastructure that has been established by current developers.