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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.
The Housing Industry Association (HIA) announced Mr Pino Monaco as the 2025 recipient of the prestigious Sir Phillip Lynch Award of Excellence.
“Lending for the purchase or construction of new homes remained flat in the first quarter of 2025, likely the result of election uncertainty. The data also reflected the situation prior to the effect of the RBA’s first interest rate cut,” stated HIA Senior Economist Tom Devitt.
“The Housing Industry Association (HIA) welcomes the extension of the HomeGrown Territory grants until September 2026, which will support more Territorians into their own home,” said Luis Espinoza, HIA’s Executive Director.
“The Housing Industry Association (HIA) welcomes the announcement of the new Ministerial cabinet, set out by the Prime Minister today, and in particular the expansion of the housing portfolio to take in the future cities planning and a separate special envoy focused on social housing and homelessness,” said HIA Managing Director, Jocelyn Martin.