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“To capitalise on these opportunities the NT Government needs to ensure key policies and investment are made now to address current and future housing shortages and workforce skills gaps,” said Luis Espinoza, HIA Executive Director, NT.
“The construction industry is already facing significant skills shortages and there is a demonstrated need for more housing right now and those pressures will only increase with the additional investment.
“This emphasises the need for targeting policies across Government to address these key matters. This includes opportunities for red tape reduction, first home building incentives, planning reforms to streamline approvals, apprentice grants and support schemes for training providers to deliver and train the future workforce.
“The coordination of these policies is critical as is working with key industry bodies like HIA, to build the capacity of the construction industry to take full advantage of these opportunities.
“Industry bodies, and RTO’s such as HIA are ready, willing and have the capacity to train the future workforce of the NT and to bring more apprentices and workers through the door right now.
“The NT Government needs to be working closely with the housing industry to build our skills, homes and industry capacity now to be prepared for what the future 2-5 years demand will bring,” concluded Mr Espinoza.
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.