The Darwin Economy

Darwin is the administrative and financial hub not just for the Northern Territory, but for all of northern Australia.

In recent years there has been well planned public and private investment in infrastructure to support major industries – Darwin now has a modern export wharf coupled with other state of the art transport infrastructure such as the Darwin to Adelaide railway, a thriving international airport and a first class road network linking to the east, south and west. This infrastructure underpins much of the strength of the local economy, supporting development opportunities across a range of industries.

The Northern Territory economy has grown at supersonic speed over the last six to eight years.

Despite the chill wind of recession currently buffeting most of the world, the outlook for the Territory economy remains remarkably strong. Obviously an economy based on export industries will slow to some extent, but even the latest economic outlook from (the very conservative analysts)Access Economics predicts continued growth in the Northern Territory. Many other places are heading for zero growth or worse.

Recent history shows that, in times of economic growth, well managed small businesses will be rewarded with a growing share of the bigger pot. In a less certain economic environment, quality products and a loyal customer base and are the keys to continued prosperity. The Roma Bar offers a genuine recession-proof opportunity for prosperity and expansion.

The strength of the local economy is based on a few key industries with mining and energy, tourism and agricultural production being the standouts. Japanese energy giant Inpex Corporation is investing $25 billion in developing the local natural gas industry – the largest ever private infrastructure investment in Australia. The spinoffs for local support industries will be substantial, and will lead to further population growth and wealth creation.