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{{propApi.successMessage}} {{region}} Change locationFinancial boost for skills and housing in NT Budget
Financial boost for skills and housing in NT Budget
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The Northern Territory Government released its Budget 2024-25: Working for the Territory today.
The Budget includes the Appropriation Bill, Budget Strategy and Outlook, Budget Statement, and Infrastructure Program, as well as an Industry Outlook.
“HIA put forward in its Pre-Budget Submission the need for a strong and stable home building workforce, which includes developing skills within the Territory and attracting migrants into the Territory as well as significantly increasing the supply of housing.
“It is pleasing to see the Budget continue to provide targeted homeowner assistance through the House and Land Package Exemption, alongside the $10,000 first homeowner grant, and access to competitive HomeBuild loans to support access to low deposit home loan options.
“Another important investment is the Commonwealth and Territory governments joint $4 billion investment for housing in remote communities across the Territory.
“The Northern Territory Government also continues to work on land development by implementing the recommendations of the independent review Bringing Land to Market.
“These measures will assist with addressing some of housing challenges in the Territory but certainly more is needed to increase the volume of homes as part of the Northern Territory’s share of the Australian Government’s goal of building 1.2 million homes over the next five years
“On the skills front it is pleasing to see apprenticeship and traineeship subsidies and work gear bonuses for first-year apprentices included in the Budget, which HIA called for as part of our Pre-Budget Submission.
“The Budget allocates $109.2 million for vocational education and training to meet the skills requirements of the Northern Territory and $24 million for apprenticeships and traineeships.
“Growing and maintaining our industry workforce and sourcing skilled workers, continues to be an ongoing challenge for the Territory. A strong construction workforce is the only way that the Territory will ever solve the housing supply and affordability problem as well as the ability to build the regional and remote housing needed.
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
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HIA welcomes key findings of interim Productivity Commission’s report
“The Housing Industry Association (HIA) welcomes the release of the Queensland Productivity Commission’s interim report into construction productivity It is a significant and necessary step toward overcoming the housing supply challenges facing Queensland,” said Michael Roberts, HIA Executive Director Queensland.
Building approvals pick up 2024/25
“New home building approvals in the 2024/25 financial year were up by 13.9 per cent compared to their 2023/24 trough,” stated HIA Senior Economist Tom Devitt.
HIA urges action to back Australian building product manufacturers
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
Amendment NCC 2022 published to align with the Premises Standards
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation