Invest in Darwin and northern Australia’s long term growth
In the ten years from 2007 to 2017, the Northern Territory economy has grown from $18.1 Billion to $25.4 Billion (source: Australian Bureau of Statistics).
Darwin continues to prosper from an unprecedented long-term building boom, fuelled by oil and gas exploration and production, mining, a growing strategic northern defence presence, international and domestic tourism, the Northern Territory’s large beef cattle and pastoral industry and large public sector expenditure by both the Northern Territory and Australian Governments.
Darwin is the home to two LNG Gas Plants exporting to the world – the US $37 Billion INPEX Ichthys LNG project (expected to produce 8.9 million tonnes of LNG per year and 100,000 barrels of condensate a day) and the ConocoPhillips Darwin LNG plant. The Northern Territory also has large onshore and offshore gas resources, with onshore basins alone believed to contain more than 200 trillion cubic feet of prospective gas resources.
Darwin’s limitless oil and gas future, combined with the strategic build up of defence force spending in the north, a world leading cattle industry and an ever-expanding tourism industry, indicates that Darwin has extremely strong growth prospects.
The Harbourside Precinct Darwin Land Portfolio represents an unparalled opportunity to acquire a capital city land bank and participate in the development and exponential growth of northern Australia and Darwin.