Monday, 22 April 2013

Boom continues in Darwin

When you read the newspapers these days you might believe that Western Australia is where the boom in Australia’s economy is happening, probably because it has a larger population and a bigger GDP. However, it is the Northern Territory where it is all happening.

The INPEX gas project site in Darwin is the largest construction site in the country at the moment -- and it is currently Japan’s largest ever overseas investment.Five Dutch dredges, the largest in the world, are dredging the harbour up to the plant site which is located near Palmerston, further up than Darwin’s new port.

This means that both house and land and  prices, as well as rents, are soaring as the demand for somewhere to call home increases. It means big business for the local construction industry. And values of everything are rising in Darwin.

The current boom will be highlighted at the 4th Annual Northern Territory Major Projects Conference 2013 which will take place at the , Darwin Convention Centre on October 29-30 this year.

The conference continues to be the largest major projects and infrastructure conference in the state, attracting more than 300 delegates annually.

With the many major projects in the Northern Territory under way it is an exciting period of development and points to the economic vitality that lies ahead for the Northern Territory.

The two-day conference will be examining in detail the significant investments being made in roads, ports, rail, housing, land, transport, education, water and much more, providing an excellent opportunity to discuss the topics and issues presented. 

Prepared by Bob Woodward & Associates: offering you business consultancy, accounting, payroll administration and ancillary services in Darwin, the capital of Australia’s Northern Territory.