Real Estate Institute of Northern Territory said there might not be a massive increase in property prices in Darwin after signing the largest offshore gas project in Australia.
The Institute’s Chief Executive Officer of Quentin said he didn’t expect Killian’s profile to see clearly because of the increase in short term workers build plants Inpex will stay in accommodation provided by the company or will already be resident.
He said even in the long term land release can determine whether there is a significant increase in home prices.
“There will be some long-term impact but it depends on what’s coming to the market supply in the long run,” said Mr. Killian’s profile.
“If the Government will be more aggressive with the release of their lands and of course with densification and create more programs available real estate then they may negate any large rise in the long run.”
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