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Housing

HomeGrown Territory Grants Boost Housing Market in NT

Strategic Insights

— 1 min read

Territorians have shared more than $12.3 million to break into the housing market through the HomeGrown Territory grants, with over 900 applications received to date. The scheme, launched last year, has been a standout success, helping more than 2,000 Territorians break into the housing market. The program has already approved 762 applications, and its success has led to the government extending the grants for another year.

Key Takeaways:

  • Over $12.3 million has been shared by Territorians through the HomeGrown Territory grants to break into the housing market.
  • More than 900 Territorians have applied for the HomeGrown Territory grants, with 762 applications already approved.
  • The program has helped over 2,000 Territorians break into the housing market since its launch last year.
  • The HomeGrown Territory grants have boosted housing supply, driving confidence in the building sector, and underpinning population growth.
  • The program has supported local builders, tradies, apprentices, suppliers, and local businesses, with benefits flowing directly into the community and broader economy.
  • Chief Minister Lia Finocchiaro and Treasurer Bill Yan have expressed their commitment to driving confidence back into the market and giving more Territorians the chance to own their own homes.
  • Master Builders NT Chief Executive Sallyann Innes said the results of the program are speaking for themselves and that the benefits of the HomeGrown Territory grants will continue to flow into the community and broader economy.

Statistics:

  • Over 900 Territorians have applied for the HomeGrown Territory grants.
  • 762 applications have been approved through the program.
  • The program has helped over 2,000 Territorians break into the housing market since its launch last year.
  • First home buyers in the NT increased by 23.4% to 258 over the year to June 2025 - the strongest growth in the nation.
  • The Northern Territory is leading the country in population growth (1.2% annually) and recording the fastest economic growth at 10.2% (according to the CommSec State of the States report).

Sources:

  • NT Treasurer Bill Yan
  • Master Builders NT Chief Executive Sallyann Innes
  • Australian Bureau of Statistics
  • CommSec State of the States report
  • Chief Minister Lia Finocchiaro
  • Treasurer and Minister for Logistics and Infrastructure Bill Yan

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