The Northern Territory’s $50,000 HomeGrown Territory Grant will remain open for another year, giving first home buyers more time to take advantage of one of Australia’s most generous housing incentives.
The First Home Owner Grant Amendment (Extension of Scheme) Bill 2025 passed the Legislative Assembly today, extending the program to 30 September 2026.
Treasurer and Minister for Housing Construction Bill Yan said the move offers much-needed certainty for those planning their first purchase or build.
“It gives breathing space for first home buyers to save their deposit, shop around and build or buy their new dream home,” he said.
According to Minister Yan, the extended timeframe will help keep construction activity strong across the Territory.
“The nearly 300 new home builds in the pipeline supported by our range of grants will lead to more than $130 million in direct economic activity for Territory businesses,” he said.
“This means busy tradies, suppliers with a steady stream of orders and retailers having plenty of homes to fit out.”
“And every new home built and lived-in will free up more properties for renters.”
Minister Yan again urged the Federal Government to lift the Northern Territory’s $600,000 price cap under its low-deposit home guarantee scheme.
“Do the right thing and unlock home ownership for more Territorians, especially those wanting to start families, so they can buy new houses appropriate for their needs,” he said.
The HomeGrown Territory Grant is designed to boost construction and support local industry while helping first-time buyers onto the property ladder. With housing affordability remaining a national concern, the Northern Territory’s decision to extend the scheme adds momentum to efforts encouraging home ownership and economic activity in regional Australia.
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