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{{propApi.successMessage}} {{region}} Change locationHomeGrown grant key to rebuilding the Territory
HomeGrown grant key to rebuilding the Territory
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“More than 900 Territorians have applied for the scheme and since its launch last year it has helped more than 2,000 Territorians break into the housing market.
“The scheme is a first of its kind in the country, in providing a HomeGrown Territory Grant for first home builders to receive a $50,000 and those looking for a fresh start able to access a $30,000 grant.
“These home building incentives are welcome measures and something HIA strongly advocated for in the lead up to the Territory election and is now pleasing to see this scheme going from strength to strength.
“These much-needed incentives are crucial to both individual households as well as growing the Northern Territory’s population and economy in getting more people into home ownership sooner.
“Housing is intrinsically tied to economic growth and vice-versa. Kickstarting the Northern Territory’s economy requires measures to attract more people to the Territory as well increasing the supply of adequate and affordable housing.
“By supercharging the building industry through programs, such as HomeGrown and FreshStart, it brings with it key economic opportunities for the Territory including the creation of new and exciting jobs.
“The scheme is boosting housing supply, driving confidence in the building sector, and underpinning population growth.
“HIA is strongly advocating for the continuation of the scheme as a permanent fixture, providing certainty to the industry and perspective homeowners and giving more Territorians the chance to live the dream of owning and building their own homes,” concluded Mr Espinoza.
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Working toward building 1.2 million homes
“HIA forecasts show that recent policy announcements will see more than 1 million new homes commencing construction over the next five years,” said HIA Chief Economist, Tim Reardon.
Update on Tasmanian State Election
Tasmanian Liberals re-elected in 2025 with new housing and construction policies. Tasmanians could benefit from $30,000 First Home Owner Grants, extended Payroll Tax Rebates for apprenticeships and reforms to speed up housing land supply and improve building regulations in Tasmania.
NCC pause, reforming long overdue EPBC Act and 5% house deposits
Over the past few days there has been a number of important housing announcements from the Federal government that HIA has been advocating for over several years.
Unlocking the ‘missing middle’ to address the 83,000 tradies shortfall
“An average person leaving school today will have up to 15 different jobs in their lifetime. High school students, as they finish their senior school education, have an unlimited number of career options at their feet,” said HIA Managing Director, Jocelyn Martin, as part of the launch at National Skills Week.