Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050
-
Upload
informa-australia -
Category
Business
-
view
106 -
download
0
Transcript of Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050
![Page 1: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/1.jpg)
Darwin’s development towards 2050
Graeme Suckling UDIA (NT)
![Page 2: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/2.jpg)
Who is the Urban Development Institute of Australia?
A national body for over 40 years;
Facilitates cooperation between developers and government authorities;
Operating since 2009 in the NT to advance sustainable and liveable communities;
Activities include representation and advocacy, education, networking.
![Page 3: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/3.jpg)
Snapshot of the NT economy
Currently a “welfare state” with an annual budget of $5-6B;
Economic peaks and troughs over almost 150 years (see “Territory” by Ernestine Hill);
Low population growth, high vacancy rate for rentals and slow housing sales;
We must build our population and our economy
![Page 4: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/4.jpg)
CDU “Is our current interstate population drain unique?”...
Several ‘eras’ of net loss.
This one is different, there is no indication when or how it might end.
![Page 5: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/5.jpg)
Building our population
Requires migrants from overseas;
Could be assisted by self-funded “retirees” seeking “sea change” jobs;
Potential for more overseas students;
Requires more industry to provide more jobs.
![Page 6: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/6.jpg)
Industries which provide NT jobs
Defence (9.5% of Australia’s forces);
Agribusiness;
Tourism;
Mining;
Overseas education;
Building and construction;
Oil and gas.
![Page 7: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/7.jpg)
Some reasons for economic instability
Fluctuations in commodity prices;
Competition from other states/overseas;
Terrorism;
World politics (Brexit) and changing demand patterns;
Challenges of getting fresh produce to market;
Floods and cyclones.
![Page 8: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/8.jpg)
Other problems
Impacts of fuel prices and airline collapses on our air travel costs;
Our small population and buying power;
Value of the Australian dollar relative to other currencies;
NT has little control over most of these.
![Page 9: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/9.jpg)
Can an onshore gas industry help our economy?
Deloitte study indicates strong economic contribution;
Potential for gas to diesel manufacturing assisting fuel self-sufficiency;
Support for the transition to renewable energy sources;
Many decades of supply.
![Page 10: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/10.jpg)
Other gas opportunities
Boosting remote economies through royalty income, employment, better infrastructure;
Potential for processing here instead of overseas;
Cheaper power for remote areas.
![Page 11: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/11.jpg)
Some positives for our economy
$8B Defence spend over the next decade;
$1B per annum infrastructure spending on other projects over next five years;
Potential for overlap with completion of Ichthys second train;
Building and operating the new ship lift facility;
Building and operating the new luxury hotel.
![Page 12: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/12.jpg)
Can we retain our unique Territory lifestyle with a higher population?
Identifying our unique lifestyle;
Compatibility of higher density living with lifestyle;
Better designed suburbs with more green spaces;
Improved amenity.
![Page 13: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/13.jpg)
What will our built environment look like?
Better apartment developments;
Tropical elevated living on smaller blocks (eg Asche duplex);
Smaller frontages with 2 or 3 storey homes (Adelaide examples);
Changes to accommodate electric and driverless cars.
![Page 14: Graeme Suckling - Urban Development Institute of Australia NT - Darwin’s development towards 2050](https://reader030.fdocuments.us/reader030/viewer/2022021507/58f158751a28ab26168b4621/html5/thumbnails/14.jpg)
Thank you