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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.
New federal anti-money laundering and counter-terrorism financing laws (AML/CTF laws) will take effect from 1 July 2026.
Housing Industry Association (HIA) has welcomed the Tasmanian Government’s commitment to set the First Home Owner Grant for new homes to $20,000, saying the measure will provide meaningful support to first home buyers while underpinning confidence in the state’s residential construction sector.
HIA successfully lobbied for an expansion of fast-track planning approvals in NSW. Now the NSW Government is proposing to introduce two new planning pathways designed to streamline the assessment process for for low rise residential development. These new pathways are part of the NSW Government's planning system reforms.
“New home sales in the month of April increased by 4.9 per cent despite rising interest rates and domestic and global uncertainty,” stated HIA Chief Economist Tim Reardon.