The Lawler Labor Government is continuing to back the industries that get the Territory working, with more than $200 million invested in Budget 2024 to get more land ready for new housing and other developments.
Darwin's next residential land release has reached another milestone with the Lawler Labor Government announcing the developer for the Holtze Land Release is Holtze Land Company Pty Ltd (HLC).
More than 550 lots will be established within this first tranche of development, with the wider urban development known as Greater Holtze having the potential to service 11,000 lots.
Budget 2024 includes a $43.1 million investment to deliver the Holtze project.
HLC is a joint venture established by Territory businesses, AKJ Development No. 1 Pty Ltd and HB Constructions (NT) Pty Ltd.
HLC will develop an urban, entry level residential subdivision on Crown land in Holtze with the first land titles expected to be issued in late 2025.
The Holtze Land Release is required to be designed to meet the Territory Government's overall vision for suburban development including:
An urban subdivision with a minimum of 530 lots;Lots to be a variety of sizes to support housing choice.The subdivision is to be delivered through a development program that includes a continued steady number of lots to market over an 8 year period.A titled Community Purpose lot with a minimum size of 2,000 m2 must be developed and returned to the Territory at nil cost.5 percent of the urban residential lot yield will be returned to the Territory at nil cost for social housing.Provide services to the boundary and capacity in the services for the Territory Reserve Parcel to allow future development of the Holtze Activity Precinct.The development must provide a commercial return to the Territory that reasonably reflects the value of the land.
The Territory Labor Government is making the land ready for development by building district level infrastructure such as widening and extending roads, water and sewer mains and electrical feeders, with the tender for Part A works currently open. To support development within the Holtze Development Area, local business NTEX is about to embark on a targeted site clean-up.
Budget 2024 will also have $11 million allocated to bring forward the design and delivery of enabling infrastructure to support the development of Farrar West by the Larrakia Development Corporation as part of the settlement of the Kenbi Land Claim , and to support the release of residential land for future population growth.
Government is in negotiations with the Larrakia Development Corporation to reach suitable terms for the development of the land.
Budget 2024 also invest $26 million to develop Brewer industrial precinct in Alice Springs.
Residential subdivisions are also being delivered in major centres across the Territory including Kilgariff in Alice Springs and in Katherine East.
In Alice Springs, Kilgariff has 31 titled lots for sale and a further 36 lots will be titled in the coming months. In Tennant Creek, there are 6 titled lots for sale on Chittock Crescent and planning is underway for a further 50 lots. In Katherine East, 54 untiled lots are available for sale and will be ready to transfer soon, with potential for another 28 lots still to be delivered under a development agreement.
Quotes attributable to Chief Minister Eva Lawler:
"My Government is backing the industries that get the Territory working - and that means investing in bringing more land to market to support the construction industry.
"We want local tradies to be on site building Darwin's newest suburb and that's why we are investing in bringing Greater Holtze online.
"Not only are we going to be seeing more than 550 homes built in Holtze in the first tranche, we will also have Territorians working on these builds - and that provides training opportunities for workers and the chance for local businesses and subcontractors to grow."
Quotes attributable to the Minister for Infrastructure, Planning and Logistics, Joel Bowden:
"Housing and construction are important industries for the Territory and we need more homes to be built. It provides training opportunities, grows the economy and gets Territorians working.
"Holtze land release will soon be available with the developer announced today. This project has gone through the planning commission and environmental approvals needed to assure Territorians this is a worthwhile and safe project.
"Our land release pipeline is only getting stronger, with our commitment of more than $200 million over 3 years for land development from the Top End to Central Australia."
Quotes attributable to Jessie Risk, Director, Holtze Land Company
"AKJ Developments is proud to be partnering with Halkitis Brothers Group a long-standing Territory group of companies of over 60 years to establish Holtze Land Company for the delivery of Holtze residential community".
"The Holtze Project is located adjacent to the Palmerston Regional Hospital and will provide a network of green public spaces including playgrounds, a dog park and walking trails."
"As Territorians the AKJ and HB groups are proud to deliver a quality master plan community for the Territory."
"The Holtze Land Company partnership between AKJ Developments and HB Group, is a true Territory alliance. Together, we will deliver jobs, training, opportunities and homes for Territorians, by Territorians. The Holtze Project will deliver much needed housing for growth in the north, as well as demonstrate the capability and excellence of local industry."
Northern Territory Government
