The Territory Government’s Real Housing for Growth plan provides more housing choices for Territorians.
The plan aims to increase housing supply and ease housing cost pressures to support the attraction and retention of key workers in the Territory.
Incorporating home ownership and rental initiatives, the plan will see up to 2000 new homes constructed across the Territory in the next four years.
The Real Housing for Growth Plan is made up of four key elements that aim to restore balance in the local property market.
These key elements incorporate a range of strategies that will provide Territorians with real opportunities, whether they are looking to invest, manage, buy or rent.
The Territory Government's request for Expressions of Interest (EOI) for private residential developments for head leasing closed on 17 April 2013.
The EOI called for proposals from developers and investors with the ability to build and own new housing with the government holding a 10 year head lease over the dwellings.
The proposals received through this EOI will be assessed in a three stage process with the first round of shortlisted applicants to be announced mid May.
Following the initial short listing, successful proponents will then enter into further negotiations with the department and provide further details if required.
The final stage of the assessment process will be negotiation and execution of the contract which is due to be finalised by the end of August. Construction of the new dwellings under the head leasing initiative could begin as early as the end of 2013.
The EOI is a part of the Real Housing for Growth plan, an election commitment of the Territory Government to ease housing cost pressures and increase affordable housing options for key Territory workers.
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