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$vuetify.icons.faPhone1300 650 620

HIA welcomes announcement of HomeGrown grants (NT)

Media release

HIA welcomes announcement of HomeGrown grants (NT)

Media release
HIA welcomes the CLP Government’s announcement introducing the HomeGrown Territory Grant of $50,000 for first home buyers to put towards building a new home.

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.

For more information please contact:

Luis Espinoza

Executive Director – Northern Territory
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