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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.
The Housing Industry Association (HIA) is calling on the Victorian Government to abandon its proposed legislation that would create a legislated right to work from home, warning the changes would impose additional regulatory pressure on businesses already struggling.
The Housing Industry Association (HIA) has called for a three-month extension of the fuel excise relief and pause on heavy vehicle road user charges that lapse on 30 June, which risk triggering another round of housing materials cost increases.
“Today’s HIA Feasibility Forum highlighted that significant changes are needed to make new housing projects stack up,” said Brad Armitage HIA Executive Director NSW.
“HIA estimates that Australia needed to build more than 250,000 homes last year just to keep pace with demand growth and begin reducing the housing shortage. Instead, we commenced construction of just 196,000 homes. That gap is why housing affordability continues to deteriorate," stated Tim Reardon, HIA's Chief Economist.