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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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Preventing Pipe Failure Starts Below Ground
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.
Senate Inquiry must focus on delivering more housing, not more reports
The Housing Industry Association (HIA) has welcomed the establishment of the Senate Economics References Committee Inquiry into social housing, describing it as an important opportunity to identify the reforms needed to deliver more housing of all forms at scale and address the bottlenecks holding back housing supply broadly.
New home sales decline for the third consecutive month
“Sales of new homes declined for a third consecutive month in July, falling by 3.7 per cent as higher interest rates and policy uncertainty continued to weigh on consumer confidence,” stated HIA Senior Economist, Tom Devitt.
National Skills Week: Showcasing diverse education pathways
HIA is proudly supporting National Skills Week this year by highlighting the construction industry’s many and diverse career opportunities.