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HIA has been advocating strongly for this program as a much-needed boost to stimulate the home building industry, increase supply of housing, and provide new incentive for home ownership.
HIA welcomes the CLP Government’s prompt action in announcing this program as the first order of business, and the opening of applications starting on Tuesday 1 October.
The HomeGrown Territory program also includes a FreshStart New Home Grant of $30,000 for non-first home buyers who may have already owned a property before, to purchase or build a new home.
The scheme is the first of its kind and will help stimulate new home construction, encourage people to move to the Territory, and increase critically low supply of housing across the Northern Territory.
Importantly for long term growth of the industry, the program will help retain the residential building workforce and encourage growth through new apprenticeship and training opportunities in an invigorated housing market.
This week, the Queensland Government introduced legislation into Parliament to reform the state's workers' compensation scheme by specifically addressing the rising impact of psychological injury claims and fraud on the Scheme's long-term financial sustainability.
Tasmania’s failure to build enough homes has cost the state budget an estimated $642 million in stamp duty and GST over the past two years, which is enough to pay the salaries of 2,807 registered nurses for two years, according to new analysis by the Housing Industry Association (HIA).
The Housing Industry Association (HIA) has welcomed the Federal Opposition's announcement that it would remove Scope 3 emissions reporting requirements, describing the move as a practical step towards reducing growing compliance burdens across Australia's residential building supply chain.
The Housing Industry Association (HIA) acknowledges the Victorian Labor government’s announcement today that it will cut the Absentee Owner Surcharge (AOS) for its preferred projects.