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{{propApi.successMessage}} {{region}} Change locationEmpower homeownership
Empower homeownership
HIA recommends the next Northern Territory Government:
- Increases the Northern Territory First Home Buyer Grant to $50,000 to support more Territorians to get into home ownership.
- Introduce a $30,000 Fresh Start Grant for homeowners looking to build a new home or looking to do a knock-down re-build.
The Northern Territory will struggle with population growth if the cost of living continues to climb. Access to affordable housing remains out of reach for majority of Territorians or those looking to move here.
To get more people into housing and in particular first home buyers, the future Northern Territory Government should look at a range of subsidies and grants to support aspiring homeowners to fulfil the dream of one day owning their own home.
This would also stimulate the industry and increase the supply of much needed housing across the Northern Territory.
The Opposition’s pre-election promise of a substantial boost to the current first home buyer grant from $10,000 to $50,000 would be a first of its kind and a game changer for the Territory and aspiring homeowners.
Stimulating the home building industry will be a major step towards making the Northern Territory a $40-billion economy by 2030.
- Both parties should lock in an equal or similar incentive to help those who want to own their first home in the Northern Territory and stay here.
- This should be supplemented with a Fresh Start Grant to support additional home building for people who are looking to build a new home or a knock-down re-build.
- Building more new housing will bring prices down and attract more buyers and people to live in the Northern Territory.
Northern Territory Election Priorities
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