THE Northern Territory Government last week said that construction of Alice Springs' newest suburb Kilgariff is now well underway, with a further $5 million allocated in Budget 2014 to progress the project.
Chief Minister Adam Giles said the government is delivering on its promise to release more land and ensure there is a steady supply of quality new homes available at affordable prices in Alice Springs.
"There's been keen interest by locals wanting to buy land in Stage 1a of Kilgariff where an average lots costs between $160,000 and $180,000, making them some of the cheapest blocks on offer for many years," Mr Giles said.
"Kilgariff is the first major residential development south of The Gap and is expected to meet demand for housing in Alice Springs for 20 years."
The Land Development Corporation is currently negotiating the possible release of multiple lots to builders who are interested in offering house and land packages to buyers at Kilgariff.
"This would make the subdivision more attractive for some buyers who don't want the hassle of building a home themselves," Mr Giles said.
To prevent land-banking, builders would be required to start work on the blocks within six months and have properties completed within two years.
"A range of local builders have expressed an interest in this idea and we are hoping to finalise arrangements soon," Mr Giles said.
Local contractor Ostojic Alice Springs is scheduled to complete headworks at the site next month. Subdivision works are then scheduled to begin around the same time with local company Sitzler Bros recently winning the multimillion dollar contract.
"Sitzler Bros will begin works on the site in the coming weeks including constructing internal roads and supplying utilities to the new blocks. The job is expected to be complete by the end of September," Mr Giles said.
Lands and Planning Minister Peter Chandler said that as part of a $27.5 million dollar specific regional land release package in Budget 2014, the government allocated $5.35 million for headworks and subdivision works at Kilgariff.
The first two stages of Kilgariff include a total of 80 new blocks. Land titles for Stage 1a are on track to be issued around November this year. Kilgariff will ultimately feature a village centre, sports oval, natural open space, parks and cycle paths.