NT Eligibility and Payment Changes for the First Home Owner Grant

First Home Owner Grant Amendment Bill 2024

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Introduced by: The Hon Bill Yan MLA (CLP)

Effects of this bill

If this bill passes, it means that:

The grant is available for homes that are not new if the contract is made between 1 October 2024 and 1 October 2025.
The grant amount jumps to $50,000 for new homes if the transaction starts between 1 October 2024 and 1 October 2025.
The grant is $10,000 for homes that are not new; it is also $10,000 for any home if the transaction starts after 1 October 2025.
Applicants must live in the home for at least 12 months if the transaction starts between 1 October 2024 and 1 October 2025.
Applicants must live in the home for at least 6 months if the transaction starts outside that window.
Replacement contracts for the same home are treated as if they were made on the date of the original contract.

The Debate

What different members said when this bill was debated:

Bill Yan CLP

“Madam Speaker, I present a Bill titled First Home Owner Grant Amendment Bill 2024, Serial 6. Bill read a first time.”

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Manuel Brown ALP

“Madam Speaker, I move that the debate be adjourned. Motion agreed; debate adjourned.”

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Selena Uibo ALP

“Madam Speaker, the Labor opposition understands the importance of home ownership and what it provides Territorians. Owning your own home can make a huge difference, with physical and emotional security and safety. First home owner grants can boost home ownership, reducing the debt burden for first homebuyers, stimulating economic growth and making home ownership affordable for Territorians.”

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Marie-Clare Boothby CLP

“Madam Speaker, I support our home builder Bill. I will set the record straight. The Leader of the Opposition mentioned that Territorians would have expected the CLP government to pass this Bill in the first sittings.”

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Tanzil Rahman CLP

“Mr Deputy Speaker, first home owner grants have a long and complex history in Australia. It is useful to look at what has been done historically to give context to what this government is seeking to do and, indeed, what it is not seeking to do.”

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Laurie Zio CLP

“Mr Deputy Speaker, I have great enthusiasm to discuss two significant developments that will help shape the future of home ownership in the Northern Territory: the CLP government’s home owner grants and the First Home Owner Grant Amendment Bill 2024.”

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Jo Hersey CLP

“Mr Deputy Speaker, at the recent election the CLP government said that we would reduce crime, rebuild our economy and restore our lifestyle. This Bill is about boosting construction and home ownership, as we know that if people put down roots they are more than likely to stay for a long time. We have all heard the stories of Territorians who came here for a year or two and stayed for a lifetime.”

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Steven Edgington CLP

“Mr Deputy Speaker, I support the First Home Owner Grant Amendment Bill 2024 and am proud to speak about this initiative. The Northern Territory Government’s new HomeGrown Territory and FreshStart programs were established on 1 October 2024 and provide the most generous home ownership grants in the country.”

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Andrew Mackay CLP

“Mr Deputy Speaker, I support the First Home Owner Grant Amendment Bill 2024 and the HomeGrown Territory Grant contained therein. 542 --- Debates and Questions ­ Tuesday 26 November 2024 ­ Meeting No 7 A lot has been said about the benefits of this grant, which is the most generous grant for first home builders in this country.”

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Lia Finocchiaro CLP

“Madam Speaker, we are excited to bring this legislation to the Assembly. It, of course, delivers on our commitment, which has kicked off; it was one of the first things we delivered upon coming to government. Considering the election was in late August and this was out the door by 1 October, it is fantastic.”

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