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“This funding aims to deliver 270 new homes each year over the next 10-years and provide a steady supply of new hosing in remote communities to assist with easing some of the current overcrowding crisis experienced.
“As well as increasing the supply and supporting improved housing outcomes in the NT, this injection of funding will also create local employment opportunities in the NT and provide some added economic stimulus for the Territory.
"In HIA’s recent submission to the NT 2024-2025 Budget, we highlighted the need for all levels of Government to work together to increase housing supply across all forms of the Housing Continuum.
“Equally, we called on the Government to look at measures to address the current skills shortages in the Territory including supporting more apprentices and other workers into the industry.
“Off the back of yesterday’s announcement, it reinforces the need for the Federal and Territory Government to work with industry on complementary policies to ensure these much-needed homes can be built in a timely manner.
“Together with the right policy settings to support the delivery of more private and other forms of housing in the NT, where there is also a significant under supply of presently,” concluded Mr Espinoza.
Leaders meeting at a Housing Industry Association (HIA) hosted regional housing roundtable in Nowra, have warned that current housing policy settings are failing regional communities, and are calling for a dedicated national housing plan to address mounting supply pressures beyond Australia’s capital cities.
The Housing Industry Association (HIA) is disappointed that the NT government has chosen to rush ahead with implementation of the latest update to the National Construction Code – NCC 2025.
The Housing Industry Association (HIA) welcomes the Commonwealth and Tasmanian Government’s announcement of $165 million agreement to support the delivery of up to 4,000 new homes, including 2,101 exclusively for first home buyers across the state.
HIA does not support Victoria mandating increased water-efficiency standards for fixtures in either new or existing homes, outside of a national process and supply chains. Among first steps to obtain higher benefits are voluntarily measures to address information asymmetries. Strengthening education, promotion, and awareness campaigns through water authorities and government-led media initiatives can encourage voluntary uptake.