Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Well, it's hope that more first home buyers in the
Northern Territory are going to be able to get into
their first home. With the government passing a bill overnight
extending the Homegrown Territory Grant, the fifty thousand dollars grant
aimed at helping Territorians to build or buy a new home,
will now be available until September thirty next year. Almost
(00:20):
three hundred builds, as I understand it, are currently supported
under the scheme, with the Government estimating over one hundred
and thirty million dollars in economic activity as a result.
Now joining us on the line is Saliane in US
Master Builders CEO. Good morning, Sally Am.
Speaker 2 (00:38):
Good morning Katie, lovely.
Speaker 1 (00:39):
To have you on the show now, Sallyan. The Homegrown
Territory Grant extended overnight, that's that bill passing. How successful
has it been from a master builder's perspective.
Speaker 2 (00:50):
Yeah, I think it's great and it's really helped the
residential market here in the Northern Territory. So and you know,
with those government settings or the right government things, Katie,
it builds an even stronger housing market here for us
in the delivery through Master Build or through our members.
Speaker 1 (01:07):
What kind of uptake have we seen? I know the
Government have given us some figures, but what kind of
uptake have we seen?
Speaker 2 (01:13):
Well, I'm going on the government figures as well, Katie,
and there's been you know, just or nearly three hundred
in new builds, which is what we're really concerned about.
So and we you know, we hope to see a
whole lot more of that, particularly when we've got the
housing Accord on the horizon as well. But certainly we're
pretty pleased with about three hundred, and we're supporting our
(01:35):
members to deliver even more.
Speaker 1 (01:37):
Now, Sallyanne, I know that building times for new homes
in the Northern Territory have dropped as well. Those latest
figures from the ABS showing the average construction times fallen
to eight point eight five months. Talk us through it, well,
I mean, what do you attribute that to?
Speaker 2 (01:55):
Well, Katie, that's a two point three percent decrease on
this last year. But what I think that is it
just speaks to the capability, capacity and the resilience of
our Northern Territory construction industry. Like there's you know, we've
got some of the best builders in Australia working here
and there and again I go back to the settings
of the government in place allowing first home builders or
(02:18):
home buyers rather to build a house. So our bilers
are doing a great job to get that done.
Speaker 1 (02:25):
I know we're not quite back to the pre COVID
levels of sort of the seven months build times, but
no doubt there's been a big improvement. I mean, what,
how are we doing things so much faster pre COVID.
Speaker 2 (02:37):
Though, well it's well it's still slightly up on pre
COVIDE those particular times. But look, I think it speaks
again to the resilience of our builders up here. You know,
we've got cost pressures, acquired distributions and things like our
disruptions rather and things like that. So to be doing
it is absolutely amazing and it speaks to what is
(02:59):
aailable here in the Northern Territory in our construction industry.
Speaker 1 (03:03):
From your perspective, you know, how healthy is the industry
at the moment?
Speaker 2 (03:09):
Well, look, this certainly helps you know the residential sector
and by no means saying that job is done. Everybody
is ecstatic, it's not. These are really good signs and
really good indications of where we could be going, and
certainly with the continuation of the first home biased grants
(03:29):
from the NT government. You know, it'll maintain that consistency,
but we do need to make sure that we are
supporting our workforce and increasing our workforce as well. So
that's probably one of a challenge at the moment that
we've got around our skills shortages. We do need to
maintain what we've got and increase those. Together with other industries,
(03:52):
we will be you know, making a big, big play
for skills. Workshops are skill program going into the future,
just so we can increase our apprentices and our wider
workforce as well.
Speaker 1 (04:09):
Katie, Yeah, I mean it's it's always a tough one,
isn't it, that skill shortage, because just sort of think, okay, well,
it's wonderful to be able to attract people here to
the Northern Territory, but it is a fantastic thing as
well to grow our own and hopefully have people stay here.
Speaker 2 (04:24):
Oh one hundred percent, one hundred percent. You know, I
think if you have a look at the job figures
we had in September, you know, unemployment fell in the
Northern Territory, one of the only jurisdictions in Australia where
it did so we're down by you know, down to
four point two percent, which is well than the Australian average,
and you know that was down by point three over percent.
(04:45):
So we've got the jobs. We just need to attract people.
We need people to come to the Northern Territory. We
need people up here working because when we've got people,
it's an immediate boost to our economy and that's what
we want. We want a stronger economy because when our
a strong you know, the economy is strong, the territory strong.
Speaker 1 (05:04):
Yeah, Sallyen, what do you make of the federal government's
five percent deposit scheme? I know that we're seeing obviously,
we've spoken quite a bit about it over recent weeks.
We had a number of experts in the property field,
real estate agents, brokers, Northern Territory government even calling for
that cap of six hundred thousand dollars to be lifted
(05:26):
after rapid home price growth in Darwin. I mean, what's
your take on hon it? Oh?
Speaker 2 (05:33):
Look, you know, in one way, it gets people into
home sooner. People haven't, you know, through whatever reason, haven't
been able to save enough money, you know, five percent
without having to pay that lender's mortgage insurance certainly helps.
There is a school of thought that pushes up prices.
I think anything that gets our territory builders building faster
(05:54):
and more homes is a good thing.
Speaker 1 (05:56):
Yeah, well, spot on, and I know that's what we
all want. We all want these thanks to be ticking
along and things moving and the economy performing strongly. I
think is a good thing for everybody.
Speaker 2 (06:08):
Yeah, one hundred. I think you know, when we're backing
our local builders through apprenticeship pathways, our procurement reforms, land releases,
things like that, we can list our housing supply, you know, Katie,
so that that supports more jobs and it strengthens our economy.
Speaker 1 (06:24):
Yeah. Master Builders NT CEO Sally and Innes. Great to
speak with you this morning. Thanks so much for your time.
Speaker 2 (06:32):
Thanks Katie, thank you,
Well, it's hope that more first home buyers in the
Northern Territory are going to be able to get into
their first home. With the government passing a bill overnight
extending the Homegrown Territory Grant, the fifty thousand dollars grant
aimed at helping Territorians to build or buy a new home,
will now be available until September thirty next year. Almost
(00:20):
three hundred builds, as I understand it, are currently supported
under the scheme, with the Government estimating over one hundred
and thirty million dollars in economic activity as a result.
Now joining us on the line is Saliane in US
Master Builders CEO. Good morning, Sally Am.
Speaker 2 (00:38):
Good morning Katie, lovely.
Speaker 1 (00:39):
To have you on the show now, Sallyan. The Homegrown
Territory Grant extended overnight, that's that bill passing. How successful
has it been from a master builder's perspective.
Speaker 2 (00:50):
Yeah, I think it's great and it's really helped the
residential market here in the Northern Territory. So and you know,
with those government settings or the right government things, Katie,
it builds an even stronger housing market here for us
in the delivery through Master Build or through our members.
Speaker 1 (01:07):
What kind of uptake have we seen? I know the
Government have given us some figures, but what kind of
uptake have we seen?
Speaker 2 (01:13):
Well, I'm going on the government figures as well, Katie,
and there's been you know, just or nearly three hundred
in new builds, which is what we're really concerned about.
So and we you know, we hope to see a
whole lot more of that, particularly when we've got the
housing Accord on the horizon as well. But certainly we're
pretty pleased with about three hundred, and we're supporting our
(01:35):
members to deliver even more.
Speaker 1 (01:37):
Now, Sallyanne, I know that building times for new homes
in the Northern Territory have dropped as well. Those latest
figures from the ABS showing the average construction times fallen
to eight point eight five months. Talk us through it, well,
I mean, what do you attribute that to?
Speaker 2 (01:55):
Well, Katie, that's a two point three percent decrease on
this last year. But what I think that is it
just speaks to the capability, capacity and the resilience of
our Northern Territory construction industry. Like there's you know, we've
got some of the best builders in Australia working here
and there and again I go back to the settings
of the government in place allowing first home builders or
(02:18):
home buyers rather to build a house. So our bilers
are doing a great job to get that done.
Speaker 1 (02:25):
I know we're not quite back to the pre COVID
levels of sort of the seven months build times, but
no doubt there's been a big improvement. I mean, what,
how are we doing things so much faster pre COVID.
Speaker 2 (02:37):
Though, well it's well it's still slightly up on pre
COVIDE those particular times. But look, I think it speaks
again to the resilience of our builders up here. You know,
we've got cost pressures, acquired distributions and things like our
disruptions rather and things like that. So to be doing
it is absolutely amazing and it speaks to what is
(02:59):
aailable here in the Northern Territory in our construction industry.
Speaker 1 (03:03):
From your perspective, you know, how healthy is the industry
at the moment?
Speaker 2 (03:09):
Well, look, this certainly helps you know the residential sector
and by no means saying that job is done. Everybody
is ecstatic, it's not. These are really good signs and
really good indications of where we could be going, and
certainly with the continuation of the first home biased grants
(03:29):
from the NT government. You know, it'll maintain that consistency,
but we do need to make sure that we are
supporting our workforce and increasing our workforce as well. So
that's probably one of a challenge at the moment that
we've got around our skills shortages. We do need to
maintain what we've got and increase those. Together with other industries,
(03:52):
we will be you know, making a big, big play
for skills. Workshops are skill program going into the future,
just so we can increase our apprentices and our wider
workforce as well.
Speaker 1 (04:09):
Katie, Yeah, I mean it's it's always a tough one,
isn't it, that skill shortage, because just sort of think, okay, well,
it's wonderful to be able to attract people here to
the Northern Territory, but it is a fantastic thing as
well to grow our own and hopefully have people stay here.
Speaker 2 (04:24):
Oh one hundred percent, one hundred percent. You know, I
think if you have a look at the job figures
we had in September, you know, unemployment fell in the
Northern Territory, one of the only jurisdictions in Australia where
it did so we're down by you know, down to
four point two percent, which is well than the Australian average,
and you know that was down by point three over percent.
(04:45):
So we've got the jobs. We just need to attract people.
We need people to come to the Northern Territory. We
need people up here working because when we've got people,
it's an immediate boost to our economy and that's what
we want. We want a stronger economy because when our
a strong you know, the economy is strong, the territory strong.
Speaker 1 (05:04):
Yeah, Sallyen, what do you make of the federal government's
five percent deposit scheme? I know that we're seeing obviously,
we've spoken quite a bit about it over recent weeks.
We had a number of experts in the property field,
real estate agents, brokers, Northern Territory government even calling for
that cap of six hundred thousand dollars to be lifted
(05:26):
after rapid home price growth in Darwin. I mean, what's
your take on hon it? Oh?
Speaker 2 (05:33):
Look, you know, in one way, it gets people into
home sooner. People haven't, you know, through whatever reason, haven't
been able to save enough money, you know, five percent
without having to pay that lender's mortgage insurance certainly helps.
There is a school of thought that pushes up prices.
I think anything that gets our territory builders building faster
(05:54):
and more homes is a good thing.
Speaker 1 (05:56):
Yeah, well, spot on, and I know that's what we
all want. We all want these thanks to be ticking
along and things moving and the economy performing strongly. I
think is a good thing for everybody.
Speaker 2 (06:08):
Yeah, one hundred. I think you know, when we're backing
our local builders through apprenticeship pathways, our procurement reforms, land releases,
things like that, we can list our housing supply, you know, Katie,
so that that supports more jobs and it strengthens our economy.
Speaker 1 (06:24):
Yeah. Master Builders NT CEO Sally and Innes. Great to
speak with you this morning. Thanks so much for your time.
Speaker 2 (06:32):
Thanks Katie, thank you,
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