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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.
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.