Mrs Lambley to Treasurer 26 August 2015 How many first home owners have received grants in Alice Springs? Answer received 27 August 2015
Tabled paper 1442
Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT
Tabled by David Tollner
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.
This followed clear evidence that such grants only increase the prices of established homes and exacerbate any imbalance between demand and supply for housing. The Government intended, through the removal of the first home owner grant for established homes, in conjunction with land release, to decrease the demand-fuelled effect on housing prices. This strategy is currently working. Reduced housing prices, along with current low interest rates, is likely to result in increased activity in the market. First home buyers are now more likely to be able to afford entry level established homes without the need for Government assistance. In addition, the refocusing of the grant has encouraged construction in Alice Springs (with five grants for 5 new homes paid this year, compared to 1 in the same period last year). The Territory's remaining $26,000 grant for new homes is easily the most generous in the country. Tasmania's $20,000 grant is due to be reduced to $10,000 at the end of the year. Other jurisdictions fund grants for new homes of between $10,000 and $15,000. This Government believes in home ownership and has done more to support it in three years than the Opposition did in more than a decade in office.
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 Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.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.
You are welcome to provide further information or feedback about this item by emailing TerritoryStories@nt.gov.au