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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:
Funding infrastructure at Mount Peter vital for housing boost (NQ)
“A strong pipeline of new shovel-ready residential land at Mount Peter is fundamental to putting downward pressure on housing prices across the entire region,” said HIA Executive Director North Queensland, Peter Fry.
HIA wins 12-month pause to strata building bond increase (NSW)
An increase of the strata building bond from 2 per cent to 3 per cent was due to take effect from 1 July 2025. In a win for the multi-residential construction industry, HIA has been advised that this increase will be deferred for a further 12 months, to 1 July 2026.
‘She Builds The Future’ inspiring young Tasmanians to build their dreams
HIA and MiTek have joined forces to launch She Builds The Future – a program designed to inspire, educate and promote diversity in the residential building industry.
Funding to fast-track trades qualification can help get more homes built quicker
“Today’s announcement from the Labor Government of $78 million in funding to fast track the qualification of up 6,000 tradies is an important initiative which will help get more homes built quicker,” said HIA Managing Director, Jocelyn Martin.