Territory Stories

Debates Day 2 - Wednesday 2 March 1994

Details:

Title

Debates Day 2 - Wednesday 2 March 1994

Other title

Parliamentary Record 25

Collection

Debates for 6th Assembly 1990 - 1994; ParliamentNT; Parliamentary Record; 6th Assembly 1990 - 1994

Date

1994-03-02

Notes

Made available by the Legislative Assembly of the Northern Territory

Language

English

Subject

Debates

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Legislative Assembly of the Northern Territory

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/279526

Citation address

https://hdl.handle.net/10070/418761

Page content

DEBATES - Wednesday 2 March 1994 We have a number of schemes. The Easy Start First Mortgage Scheme is designed to assist low-income Territorians to buy their first homes. It is an excellent and highly innovative scheme. It provides an affordable, subsidised-interest process that will enable people on low incomes to afford to buy their own home. The Early Start scheme is designed to assist persons to buy or build their first home by providing them with a lump sum grant at the time of their purchase. This relates to people on low incomes and properties the value of which does not exceed $120 000. It is geared to income. The highest grant of $3000 will be available to those with incomes of between $300 and $600 a week, down to a grant of $1000 for those with an income of between $750 and $900 a week. It is a highly innovative grants scheme that is designed to further the opportunity for Territorians and to maintain our position as the leader in Australia. Another scheme is the rental dwelling sales scheme. This will provide opportunities for Territorians, who are presently tenants of Housing Commission houses, to buy their homes in a way that they can afford. It is a vendor finance scheme that will ensure that Territorians can protect themselves from the housing policies of the federal Labor government. The federal minister has foreshadowed that public housing rental rates will be based on income, and Territorians generally earn more than the average Australian weekly wage. Consequently, they will suffer most. Current tenants of government accommodation are realising that federal Labor housing policies are projecting that their rent will increase because it will be based on their incomes. The innovative rental dwelling scheme will give people in Housing Commission houses the opportunity to avoid the federal Labor government's proposed rent rip-off by buying the houses in which many of them have lived for some years. It is another innovative scheme and the honourable minister is to be congratulated on introducing it. Shared equity home ownership is another great scheme for those people on extremely low incomes or those who are moving towards owning their home. They can begin to obtain a part interest in their homes. In the future, they will be able to move towards owning their home completely. The government has been examining this option for some time and a discussion paper canvassing these matters was circulated in the community. That has resulted in this innovative scheme. The Interest Subsidy Scheme is designed for those on higher incomes. It is based on a previous successful scheme that the then Leader of the Opposition, Terry Smith, tried to sabotage. He travelled to Canberra in an attempt to have the federal government prevent that scheme. He was unable to do so and it cost the ALP a few votes. However, he got into the federal minister's ear to persuade him to change the CSHA rules to ensure that that scheme could not continue to operate in the Territory, and that was to the detriment of Territorians. That is something the opposition has to wear and I assure them that I will be mentioning that particular set of circumstances every once in a while to keep it in the minds of Territorians. The new HomeNorth assistance scheme is another innovative mechanism to assist people at certain income levels to purchase their houses. This is an excellent package. I shall certainly ensure that my constituents are fully aware of the details of it. It will enable the Territory government to provide access to the most affordable housing in the country and to continue to assist people to acquire equity in their homes more easily than is possible anywhere else in the country. I commend the schemes and the statement. 11 327


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.