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{{propApi.successMessage}} {{region}} Change locationFirst homeowner boost key to rebuilding the Territory (NT)
First homeowner boost key to rebuilding the Territory (NT)
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“This follows a similar commitment from the Country Liberal Party (CLP) of a HomeGrown Territory Grant for first home builders to receive a $50,000 grant and those looking for a fresh start able to access a $30,000 grant.
“These home building incentives are welcome measures, that will bring more people into home ownership as well as increase the Territory’s housing supply.
“HIA is pleased to see both parties placing housing as a key focus ahead of next month’s election and announcing additional support for first home buyers, for which HIA has been advocating for extensively, and will continue to do so in the lead up to the election.
“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 economic growth and vice-versa. Kickstarting the Northern Territory’s economy will require attracting more people and supplying adequate housing.
“HIA launched our 2024 election priorities document this week, that has a primary focus on housing as a key plank to rebuilding the Territory which would in turn help create a stable and flourishing industry.
“By supercharging the building industry, it would bring with it key economic opportunities for the Territory including the creation of new and exciting jobs.
“In turn it would support greater retail activity, substantially stimulate the economy and ultimately house the future Territorians.
“In the lead up to the NT election this year HIA will be calling on an incoming Government to have a key agenda that substantially boosts the delivery of new housing, provide a wide spread renovation and upgrade program, doubling down on public housing builds and maintaining and growing a skilled workforce for the Territory,” concluded Mr Espinoza.
HIA’s Northern Territory 2024 Election Priorities can be accessed here.
For more information please contact:
Preparing for Tropical Cyclone Narelle
The current severe weather conditions in northern WA are set to intensify and travel along the coast in coming days. These conditions have the potential to wreak havoc on construction sites and may raise concerns from owners in recently completed homes.
International situation and current market impacts member briefing
Following my update last week, the current situation continues to evolve both domestically and internationally and we know members across the country are feeling a sense of uncertainty of what may play out over the coming weeks.
SafeWork and Building Commission NSW could visit your site at any time
A reminder that SafeWork and Building Commission NSW are on the ground visiting residential construction sites every day to check safety and compliance.
Wrong time to inflict more unnecessary regulation on home building industry
The Housing Industry Association (HIA) is calling on the Victorian Government to immediately halt plans for any new laws affecting home building, including yet more changes to the National Construction Code (NCC) and the Buyer Protection laws, including minimum financial requirements (MFR), that currently are expected to start on 1 July 2026.