Powered by MOMENTUM MEDIA

New Darwin suburb continues expansion

By Reporter 30 September 2014 | 1 minute read

Further land releases have been planned for the Zuccoli subdivision as the territory government pushes to improve housing affordability.

Minister for lands and planning Peter ChandlerChandler, QLD Chandler, QLD announced stage five of the new housing estate in Palmerston would be released immediately following the completion of stages three and four, which are currently under construction.

Mr Chandler said the accelerated land release program aimed to introduce affordable housing options to the Darwin and Palmerston markets.

“Affordability of land is as important as availability and that is why an average price point between $160,000 and $180,000 has been a key objective of land release in Zuccoli,” Mr Chandler said.

“House prices and rents have begun to stabilise but more needs to be done, that is why this government has invested $135 million into the Territory’s largest ever land release program.”

Advertisement
Advertisement

Stages three and four of the estate comprise 1,300 new homes, two new schools and community shops.

The next release is expected to add an additional 400 dwellings to the suburb.

The government has also begun rolling out $10 million worth of infrastructure projects to support the new dwellings, including sewage and water connections.

“These are large scale works that will cater for a majority of the needs for Zuccoli as this suburb rapidly develops,” Minister for infrastructure Peter Styles said.

 



New Darwin suburb continues expansion
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.