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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:
Agreement on Draft NCIF Blueprint an important step forward
“The Housing Industry Association (HIA) took part in the National Construction Industry Forum (NCIF) today and it was encouraging that the Forum reached agreement on establishing a draft ‘Blueprint for the Future’ to drive long-term change in the industry,” said HIA Managing director, Jocelyn Martin.
Building Standards are not planning controls
“The proliferation of building standards in Council planning controls needs to stop now,” said Brad Armitage HIA Executive Director NSW.
Streamlined planning system to deliver more homes for Tasmanians
“It is pleasing to see that should the Tasmanian Liberal Government be re-elected it is committed to planning reform and streamlining approvals that can deliver tangible and improved planning outcomes to get Tasmanians in homes faster,” said HIA Executive Director Tasmania Stuart Collins.
IPART Review of Sydney Water Prices
In line with this, HIA notes that the Sydney Water Price Proposal 2025-30 (SW proposal), highlights the critical relationship between the provision of water related infrastructure and housing delivery, and has set its capital expenditure proposal accordingly.