Territory Stories

Budget 2012-2013 Budget Paper No.3 The Budget



Budget 2012-2013 Budget Paper No.3 The Budget

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Tabled paper 1785


Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT




Tabled By Delia Lawrie


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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127 NT Home Ownership Business Line 2011-12 Estimate 2012-13 Budget $000 $000 Income 13 036 14 565 NT Home Ownership 13 036 14 565 Expenses 11 317 12 458 NT Home Ownership 11 317 12 458 SURPLUS(+)/DEFICIT(-) BEFORE INCOME TAX 1 719 2 107 2012-13 Staffing: 3 Business Division Profile NT Home Ownership provides housing assistance products to Territorians, including loans, grants and subsidies, to increase home ownership opportunities for low to middle-income earners. Strategic Issues for 201213 Society Increasing home ownership among low to middle-income earners in the Territory through alignment of HOMESTART NT with market conditions. Growing the number of Indigenous clients who access home ownership opportunities through HOMESTART NT. Budget Highlights for 201213 Society Provision of $39.4 million in new loans and $7.6 million in shared equity to assist low to middle-income households gain access to home ownership. Performance NT Home Ownership operating performance in 2012-13 is expected to improve significantly from the 2011-12 estimate. The improvement is largely due to higher interest revenue generated through an increase in lending activity in 2011-12, that is expected to continue in 2012-13.

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