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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.
“Planning reform is a major part of solving the nation’s housing crisis and all state and territory governments need to implement major reforms now, to stem the tide of unaffordable housing.
“The Federal government’s announcement that Councils are to receive $1.7 billion early funding to assist with the provision of shovel ready housing projects is a key part of addressing the nation’s housing puzzle,” HIA Chief Executive Industry & Policy, Simon Croft said today.
Earlier this week the LNP Queensland Government delivered its first State Budget.
The ACT Government has released the 2025/26 budget, a first for incoming Treasurer Chris Steel MLA. Following is an overview of the budget, along with residential building industry specific outcomes.