...better rob a bank or two on the way.
I just visited and land prices (and consequently house prices and rentals) are rocketing upwards.
In 2007 this was the assessment:-
"Also reliant on the resources sector, Darwin has reached an affordability peak relative to the buying capacity of its population. Even a slight drop in business investment in this market could affect the housing sector and it is highly unlikely that we will see other than small and slower price increases in 2008. The median house price in Darwin reached $400,000 in 2007. Darwin has become the most expensive rental location, with a 34.4% annual increase in median rents and the median weekly house rental reaching $440. Already limited levels of rental stock will continue to be pressured in 2008 as more employees are attracted to resources jobs"
(I wish she would write with double negatives
)
However, today it seems likely a second huge gas processing plant will be announced. That will put a further rocket under land prices.