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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.
“Of the estimated 34,000 apprentices who will commence a construction trade apprenticeship this year, we expect fewer than 20,000 will make it through to complete their qualification. This must improve,” stated Geordan Murray, Executive Director - Future Workforce.
The Victorian Government has extended its stamp duty concession for off-the-plan properties, providing continued financial relief for homebuyers. This initiative aims to support the housing market and make home ownership more accessible.
HIA provided a submission to the National Policy Competition analysis 2025.
As West Australia’s residential building industry continues to grow and evolve, it’s important we take a step back and look at something we often overlook - our mental health.