Investment opportunities

Seniors lifestyle accommodation in the Northern Territory

Location: Darwin, Darwin Rural and Alice Springs, Northern Territory, Australia

Sector: Infrastructure

Investment type: Greenfield

Estimated total project cost: N/A

Investment amount sought: Variable

Project status: Proposed project

Project description

Aerial view of Alice Springs with McDonnell Ranges in the background.The Northern Territory Government is proposing to facilitate the development and delivery by the private sector of additional seniors’ lifestyle accommodation across Darwin and Alice Springs areas. The government is committed to increasing the number of Territorians choosing to retire in the Northern Territory by supporting ageing residents to transition into appropriate accommodation with suitable support services.

Background

As with the remainder of the Australian population, the Northern Territory is experiencing an increase in the proportion of seniors. As this occurs, people are seeking specifically-designed housing options to live independently within a safe environment with access to care and community support as they age.

The Northern Territory Government announced in the 2017-18 Budget that AU$500 000 has been allocated to undertake investigations into facilitating the development of seniors’ lifestyle accommodation in Darwin, Darwin Rural and Alice Springs.

Through consultation as part of the Economic Summit process, Regional Economic Development Committees and previous studies, there is strong evidence in support of measures to attract private sector investment and enable additional age appropriate privately operated housing supply to be developed.

Current status

The Northern Territory Government has engaged KPMG to undertake a market analysis to:

  • identify and define the unmet needs for senior lifestyle retirement accommodation in the three specific locations
  • confirm the level of market interest (supply and demand) in potential projects and
  • understand requirements for a commercially attractive investment.

Government will consider the findings and determine the most appropriate approach to progressing this facilitated project.

Shot of a typical Alice Springs house.

Contact details

Anne Tan
General Manager, Strategic Infrastructure and Projects
Department of Trade, Business and Innovation

Phone: +61 8 8936 4206

Email: anne.tan@nt.gov.au

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Disclaimer: This web page includes information provided by third parties. The information is general in nature and is for information purposes only. The Northern Territory Government makes no representation about the veracity or accuracy of information provided by third parties. You must rely on your own due diligence before proceeding. You should consider seeking independent professional advice.

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