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The Country Liberal Party (CLP) announced its HomeGrown Territory Program as part of its reply to the Labor Government Budget delivered this week. This forms part of the Opposition’s election promise to kickstart home building in the Territory.
“There are incentives put forward as part of the proposed program for new home building for both first-home buyers and non-first home buyers alike,” added Mr Espinoza.
“The HomeGrown Territory Grant is aimed at first home builders who will receive a $50,000 grant with no cap on build price. Non-first home buyers looking to build will also receive a grant of $30,000 under the FreshStart NewHome program.
“These home building incentives are welcome measures that will bring more people into home ownership as well as increase the Territory’s housing supply.
“First home buyers of existing dwellings will also receive a $10,000 grant with no cap on purchase price.
“The high cost of housing driven by a supply-demand imbalance reduces the opportunity for many households, particularly those buying their first home, to transition to home ownership.
“These much needed incentives will be crucial to both individual households as well as growing the Northern Territory’s population and economy.
“Housing is intrinsically tied to population and economic growth and vice-versa. Kickstarting the Northern Territory’s economy will require attracting more people and supplying adequate housing.
“In the lead up to the NT election this year HIA will be calling on an incoming Government to have a key agenda that supports the delivery of new housing and renovations and maintaining and growing a skilled workforce for the Territory,” concluded Mr Espinoza.
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.