The real estate market is "crashing and burning" at least in part because of the NT Government's restriction of its grants for new home buyers to new dwellings. ERWIN CHLANDA reports. ABOVE:A scene from the boom times.
Two people died in Alice Springs when a car hit a light pole and burst into flames on Saturday.
At about 11pm a police patrol observed a vehicle entering the Gregory Terrace and Bath Street roundabout in the wrong direction.
Police activated their emergency lights to stop the vehicle, and believed the driver was about to comply. However, the driver chose not to, evading the direction of police and continued to drive on.
At the Stott Terrace and Leichhardt Terrace roundabout, the driver fled the police vehicle at a dangerous speed at which point the police ceased to follow the vehicle. This decision was made in accordance with police policy in order to minimise further risk to the fleeing driver, their vehicles occupants, other road users and the police themselves.
About four minutes later, the Triple Zero call centre received a call regarding a serious motor vehicle crash on South Terrace with the vehicle was reported to be in flames.
NT building approvals have "crashed" in November last year, the latest statistics available, says Shadow Minister for Construction, Adam Giles (pictured).
There were only nine approvals outside Darwin, half of the 17 in the same month the year before.
Mr Giles says only 38 dwelling units were approved across the Territory in November 2011, down from 65 for the same time the year before and 146 in October 2011.
He says the Government’s Build Bonus scheme was supposed to have delivered an extra 350 or so properties by the end of November, but the actual figure was 19, prompting the Government into an embarrassing relaunch.