In a move that's good for the overarching Darwin economy, the Northern Territory government recently announced 50 new apartments will be available for rent in Karama, Darwin in the near future. These apartments will be priced at 30 per cent below regular market rent and offer housing for eligible workers to set up house in the region.
Maintaining the strength of the community's workforce is beneficial for all residents of property in Darwin, allowing for future local economy growth. Deputy chief minister Peter Chandler said the units were a part of the Northern Territory government's Real Housing for Growth strategy, which has the aim of creating 2,000 affordable properties across the region to help foster future growth.
"The government has head-leased 50 of the 78 privately owned units in the complex and will rent them out to key service industry workers like nurses, teachers, apprentices, hospitality staff and young families at 30 per cent below market rates," said Mr Chandler in a 26 September statement.
The project is expected to be completed by 2016/17, which will give the local economy many benefits in the years to come.