General
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.
Key points:
- The NT Government purchased the property to resolve a long-running land use issue
- It also gave a business-owner a five-year lease over some undeveloped land, rent-free
- A former politician has questioned the secrecy surrounding the deal
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…
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