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Japanese resources giant Inpex has made the long-awaited announcement that its $33bn Ichthys gas project will go ahead, fuelling speculation that Darwin’s property market is set to take off.
As property investors take stock of the New Year and the opportunities on offer, the possibility of financial institutions relaxing their lending rules in the year ahead remains unlikely.
First time buyers are expected to be the major players in the property market this year, according to a nationwide poll of mortgage brokers.