Palmerston Housing Development Supports More Than 90 Local Jobs

Palmerston Housing Development Supports More Than 90 Local Jobs

Northern Territory Chief Minister Michael Gunner

Northern Territory Minister for Housing Gerry McCarthy

Creating New Homes And Hundreds Of Jobs For Territorians

Victor P Taffa

A new private housing development in Palmerston supported by the Northern Territory Government is supporting 90 local jobs and more housing options for social housing tenants.

Work will also begin soon on about 50 more homes, with hundreds more jobs in the pipeline.

 

“We know private investment in construction projects creates strong economic growth and more local jobs. It’s all part of the Territory’s road to recovery, a jobs-led recovery, not a cuts-led recovery.” Chief Minister Michael Gunner said.

“We know you make the economy stronger by creating jobs, not by cutting jobs, increasing power prices or selling public assets.”

Private sector incentive for the project comes from the Northern Territory Government’s innovative Social Housing Head Leasing program where property developers, or owners, are offered long-term leases, at market rent, for homes which can be sublet to applicants who qualify for social housing.

New construction at Farrar, a complex of 6, one-bedroom homes is a joint venture between John Kypreos and the Stenda Group, which is due for completion by June.

All works, including plumbing, concreting, electrical, roofing, brick-laying and landscaping will be subcontracted to at least a dozen local businesses.

These new homes will be suitable for people with disabilities and senior Territorians, while also meeting the increasing demand for single bedroom homes.

So far, 200 dwellings across the Northern Territory are head leased for social housing with this number set to rise. Work is set to begin on:

  • 30 two-bedroom homes in the Narrows;
  • 7 three-bedroom homes in Durack;
  • Plans for 12 units in Tennant Creek are currently being finalised.

NT Minister for Housing Gerry McCarthy

 

 

 

 

 

 

 

 

 

“Units being constructed by John Kypreos and the Stenda Group will deliver targeted provisions for people with disabilities and senior Territorians and help to meet the increasing demand for single bedroom homes.” Minister for Housing Gerry McCarthy said.

That will mean a lot more work for local businesses and a lot more local jobs created for Territorians.

Department of Local Government, Housing and Community Development will head lease the units for 10 years with a 5-year extension option.