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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.
This year’s predictable ‘election focused’ State Budget has missed the opportunity to improve the environment for home building. It contains few positive measures to increase housing supply, address housing affordability and lower the costs facing new home builders.
“The Housing Industry Association (HIA) says the Northern Territory’s 2026–27 Budget maintains key housing incentives but falls short of the investment needed to significantly lift housing supply and address skills shortages in the construction sector,” said Luis Espinoza, HIA Executive Director, Northern Territory.
The Queensland Government has confirmed while the National Construction Code (NCC) 2025 has been formally adopted, its commencement in Queensland has been deferred until 1 May 2027.
“The 2026/27 Budget handed down by the Victorian government today once again does not deliver meaningful tax reforms that will increase housing supply, address housing affordability and lower the costs facing home builders,” says HIA Victoria Executive Director, Keith Ryan.