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“Coupled with an increased allowance and additional support for apprentices working away from home, it will provide a critical boost in addressing the current cost of living challenges facing local families and individuals in the NT.
"The Northern Territory is facing historic skills shortages and if we are to grow our economy and attract more families to the Territory there needs to be more incentives to relieve the pressures associated with its geographical location.
“Trade apprenticeships are a major part of that growth. The NT has a pipeline of major projects including federally funded defence force relocation, mining and boosting supply of remote and regional housing.
“These projects have been ear-marked to help make the NT a major hub for defence, technology, rare earths mining, gas exploration, gateway to Asia and more.
"This growth can only be achieved if we have a local workforce building adequate housing to support those working on these major projects and local NT families.
“The Federal Government has set a target to build 1.2 million homes over the next 5 years, this equates to over 11,000 homes, which is a far cry to the just over 2,500 homes delivered over the past 5 years.
“A key part in substantially boosting and supplying this level of much needed housing is to address the chronic construction skills shortages.
“This announcement of a $10,000 boost for young people to take on an apprenticeship, will go a long way to addressing those shortages but it is not the whole answer.
“The momentum should be maintained to keep growing our domestic workforce, target skilled migration for in demand trades and provide financial support for employers to take on and mentor apprentices.
“There has never been a better time for those weighing up what they want to do in their future, than to take up an apprenticeship and have a rewarding career assisted by this additional financial boost to take up a trade,” concluded Mr Espinoza.
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.
The Housing Industry Association (HIA) has welcomed the establishment of the Senate Economics References Committee Inquiry into social housing, describing it as an important opportunity to identify the reforms needed to deliver more housing of all forms at scale and address the bottlenecks holding back housing supply broadly.
“Sales of new homes declined for a third consecutive month in July, falling by 3.7 per cent as higher interest rates and policy uncertainty continued to weigh on consumer confidence,” stated HIA Senior Economist, Tom Devitt.
HIA is proudly supporting National Skills Week this year by highlighting the construction industry’s many and diverse career opportunities.