Northern Territory Government Newsroom

Creating Local Jobs, Building Our Population: New Territory Home Owner Bonus Announced

The Territory Labor Government has announced a new home ownership package which will make the NT’s home ownership incentives the most generous and broadest in Australia.

The Territory Home Owner Bonus will create local construction jobs, build our population and support first home owners by increasing eligibility for people to own their own home in the Northern Territory.

Commencing today, the package delivers increased incentives for anyone building or buying a new home in the NT, while keeping generous incentives for first home owners and others purchasing an established home.

The suite of measures aims to retain current Territorians, while also growing our population through attractive incentives for those wishing to move to the NT. 

Key aspects of the package include:

Significantly, the $2000 bonus for white goods (building a new home) and $10,000 renovation bonus (for first home owners buying an established home) will remain to support retailers and tradies.

To see how the Territory Home Owner Bonus can benefit you, please see attached.

Quotes from Chief Minister Michael Gunner:

“The Territory Labor Government’s number one priority is to create local jobs – by releasing a targeted Territory Home Owner Bonus we will do that and also build our population.

“Following the INPEX construction phase wind down there has been a drop in house prices – while this increased affordability it had a negative impact on our economic confidence. We have listened and we are providing incentives to encourage more people to build and buy NT homes.

“Our Home Owner scheme is the most generous in the country, which is a great incentive for people to move to the Territory. When someone owns a part of the Territory, they stay for longer.

“We are going through a tough economic period and our Government is doing everything it can to support business and create local jobs.”

Media Contact: Cameron Angus 0404 021 192

 


Territory Home Owner Bonus