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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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Detached house approvals picking up
“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.
State Budget is a missed opportunity to stimulate housing
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.
HIA supports bipartisan approach to planning reform NSW
“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.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
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.