RUTH PALMER, EXECUTIVE DIRECTOR, NT PROPERTY COUNCIL OF AUSTRALIA 

With new leadership, ambitious policies and an invigorated focus on development, the potential for growth is immense. The Property Council of Australia’s NT division is proud to be at the forefront of these transformative efforts, advocating for change, fostering collaboration and driving economic progress. 

We reflect on a year of significant achievements and look to 2025, where our focus will remain on unlocking opportunities for the property industry and, by extension, the broader NT economy. 

In 2024, the Property Council NT cemented its commitment to fostering economic growth by forming new partnerships, notably with Southern Cross Austereo as our media partner and Mates in Construction as our charity partner. These alliances not only enhance our reach but also underscore our dedication to community wellbeing and business engagement. 

Our advocacy efforts have also borne fruit. The Approvals Fast Track Taskforce, chaired by former Property Council NT President Mark Garraway, is streamlining processes that have long hindered business and development. By cutting red tape and expediting approvals, this initiative is poised to stimulate investment and job creation. 

The council’s proactive stance on pressing issues, such as crime and anti-social behaviour, has seen tangible results, with tougher sentencing laws and policy changes enacted. These victories demonstrate the power of collective action in shaping a safer and more business-friendly environment. 

This year our work will intensify as we focus on initiatives that drive economic growth and support the Territory’s development trajectory. 

A key highlight will be the launch of our Quarterly Economic Report, a comprehensive resource tracking vital data, such as employment trends, property statistics, building approvals and tourism metrics. This report will provide actionable insights for investors and policymakers, shaping the narrative around NT’s economic opportunities. 

We will also continue advocating for regulatory reforms to boost construction activity and simplify doing business in the Territory. Collaborating with the Government, we’re addressing issues such as commercial conversions and regional development to ensure sustainable growth across urban and remote areas. 

The property sector is a cornerstone of the Northern Territory economy, contributing significantly to employment, infrastructure development and investment. By championing policies that stimulate construction and improve housing availability, we directly influence economic activity and community prosperity. 

Our new office at Fannie Bay — a shared space with Simple Finance Solutions — represents our commitment to fostering connections. This hub enhances our capacity to engage with members, host events, and build collaborative opportunities. 

We invite our members, partners and stakeholders to join us in shaping a prosperous future for the Northern Territory. Together, we can turn challenges into opportunities and ensure the Territory remains an attractive destination for investment and growth. 

Let’s build the future of the NT, one step at a time.