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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.
“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.