Key Investment Highlights
Sensational and unique location in the rural area of Darwin situated on the corner of the Stuart Highway and Elizabeth Valley Road, Noonamah.
Land area of 507 acres of 205.10 hectares
150.1 hectares of the land is zoned as Rural Residential allowing for sub-division into 4000m2 lots and 55 hectares is zoned Rural Living.
LITCHFIELD LAND USE PLAN
This plan released in 2016 would allow a more intense subdivision of the property (subject to planning approvals).
A property with rich pastures that could easily continue to be used for cattle agistment, cropping or cattle depot while preserving the future development opportunities.
The next city planned for the 'Top End' is Weddell and this property is classified as East Weddell.
RURAL LAND MARKET
There has been very few recent land releases in the rural area and this property is poised to take advantage of the growing future demand.
The property market in the outer areas of Darwin is going to undergo enormous change in the coming years as the economy rebounds and the market continues to improve. The Litchfield Shire and the adjacent city of Palmerston are identified as the major growth areas of the future and now is a perfect time to secure investment in this market.
Darwin is attracting considerable investment interest. The INPEX oil and gas project is now transitioning to the operation phase as production is soon to commence. The continued build of Australian and American Defence personnel and facilities will continue to feed into the economy in coming years.
The moratorium has now been lifted by the Northern Territory Government allowing on-shore exploration which will be a huge benefit for the Northern Territory and will drive investment in the immediate future.