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{{propApi.successMessage}} {{region}} Change locationNT Budget a boon for new building work
NT Budget a boon for new building work
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“The extension of the ’nation leading’ HomeGrown Territory and FreshStart grants ensures Territorians are supported in entering and remaining in the property market in NT, despite decreasing affordability and rising costs of living, “ said HIA Executive Director, Luis Espinoza.
“With NT building costs among the highest in the nation, the grants provide necessary stability, allowing housing supply to continue to grow to meet demand.
“We need to ensure Territorians looking to build can do so, from first homeowners to those trading up or re-entering the market, along with those who are new to the Territory.
“Bolstered homeownership and improved housing supply has broad economic and social benefits, including securing the NT’s future workforce and promoting strong local communities.
“HIA will be calling on government for a further extension of the grants into 2028 and beyond – it’s a decision that just makes sense,” said Mr Espinoza.
“While the grants act as a critical stimulus, we must continue to focus on addressing the supply constraints to housing delivery if they are to be successful.
“This includes ensuring shovel-ready land is readily available to meet demand – strong land supply, improved infrastructure and fast-tracking of planning approvals are imperative in this equation.
“In addition, the NT Fidelity Fund’s history of poor communication and delays in providing certificates must not continue.
“Ongoing investment in skills and industry training is also going to be paramount,” commented Mr Espinoza.
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