NT Government acquires $1.85 million rural property as cash, land quietly swap hands

The Northern Territory Government brokered a secretive deal that saw a Darwin business walk away with money and land in an attempt to resolve a “particularly tricky” zoning issue.

Land title records show the Government paid $1.85 million for a 2.5-hectare, four-bedroom property in Knuckey Lagoon, an upmarket rural suburb on Darwin’s outer fringes.

The sale was one of three linked transactions on the same day in April this year, with a business called City Homes NT concurrently buying a new parcel…