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“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.
“However, to build the 11,000 homes that the Territory desperately needs, more workers of all forms are required including carpenters, bricklayers, concreters, tilers as well as key off site personnel including planners, designers, certifiers.
“HIA is calling on the next NT Government to implement a key program to build a strong workforce for the Territory centred around ‘attract, train and retain’.
“This involves a four-pronged approach including:
“Housing is intrinsically tied to economic growth and vice-versa. Kickstarting the Northern Territory’s economy will require attracting more people to the Territory and more people into the building industry.
“Simply put, more homes will translate into more business activity, more jobs and greater economy activity and growth for all Territorians,” concluded Mr Espinoza.
HIA’s Northern Territory 2024 Election Priorities can be accessed here.
In what has been a difficult time for many Victorians, HIA welcomes the package of support measures announced by the Allan and Albanese Governments to support businesses, individuals and communities affected by the recent Victorian bushfires.
“HIA is disappointed that the Victorian government has announced new proposals to further increase property taxes,” stated HIA Executive Director Victoria, Keith Ryan.
HIA says residential builders and trades remain cautious about hiring in 2026. Not due to a lack of housing demand, but because of mounting cost pressures, regulatory hurdles, and persistent skills shortages, according to a survey of small to medium enterprise members.
Workplace laws are set for more changes in 2026.