NT housing market continues to outperform as confidence drives growth
The NT housing market is outperforming much of Australia, with strong dwelling price growth, rising building approvals and sustained investment activity.
Is the NT housing market about to deliver more work for local tradies?
Builders and tradies in the NT may see increased workloads as rising approvals and investment signal more construction and renovation projects ahead.
Key takeaways
- The NT housing market is outperforming many other parts of Australia.
- Building approvals are rising, signalling more construction activity ahead.
- Sustained investment suggests confidence in the NT market is holding strong.
- Tradies in the NT may benefit from increased demand for building and renovation work.
Related
Open forum on the Fidelity Fund NT
HIA members have raised concerns about the NT Fidelity Fund's transparency and response times. HIA has been advocating for improvements to reduce impacts on businesses and homeowners.
Why it matters: Builders in the NT are affected. Slow response times and lack of transparency in the Fidelity Fund can delay projects and create cash flow problems.
Inquiry into the financial and operational performance of TasWater
HIA's Tasmanian Executive Director Benjamin Price addressed the Public Accounts Committee regarding TasWater's financial and operational performance. The statement covers issues relevant to the water utility's impact on the building and construction industry in Tasmania.
Why it matters: Builders and plumbers in Tasmania may be affected by TasWater's performance, including connection delays, infrastructure capacity, and cost impacts on new developments.
Brick supply and allocation update
HIA is working with government and manufacturers on brick supply and allocation issues affecting home building in WA. No specific outcomes or changes have been announced yet.
Why it matters: Builders in WA may face ongoing project delays due to brick shortages. Supply constraints can affect scheduling, contract timelines, and cash flow.