Territory Stories

Budget 2016-2017 Budget Paper No.3 Agency Budget Statements

Details:

Title

Budget 2016-2017 Budget Paper No.3 Agency Budget Statements

Other title

Tabled paper 1766

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2016-05-24

Description

Tabled by David Tollner

Notes

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.

Language

English

Subject

Tabled papers

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00845

Parent handle

https://hdl.handle.net/10070/273774

Citation address

https://hdl.handle.net/10070/426345

Page content

287 NT Home Ownership Business Line 2015-16 Budget 2015-16 Estimate 2016-17 Budget Note $000 $000 $000 Income 14 871 13 971 12 723 1 NT Home Ownership 14 871 13 971 12 723 Expenses 14 368 13 883 12 674 1 NT Home Ownership 14 368 13 883 12 674 SURPLUS (+)/DEFICIT (-) BEFORE INCOME TAX 503 88 49 2016-17 Staffing: 2 1 The decrease mainly reflects a declining loan portfolio balance, as the value of loans discharged is anticipated to exceed the value of new loans. Business Division Profile The NT Home Ownership program provides home loan products and services to assist eligible Territorians to achieve affordable home ownership. Strategic Issues Prosperous Economy Providing home ownership opportunities through the Territory Governments HomeBuild Access loan products. Budget Highlights Strong Society Provision of HomeBuild Access loans across the Territory. Performance Performance is expected to moderate slightly in 2016-17, reflecting a declining loan portfolio balance, as the value of loans discharged is anticipated to exceed the value of new loans. Business Line NT Home Ownership Provide opportunities for Territorians to own their own home, with a focus on new supply at the affordable end of the housing market. Key Performance Indicators 2015-16 Budget 2015-16 Estimate 2016-17 Budget NT Home Ownership Loan portfolio balance $145M $164M $157M Loan turnover rate1 20% 8% 10% Loan accounts in arrears greater than 30 days 2% 2.5% 2.5% 1 The variation mainly reflects changing market conditions.


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