More than 450 given home cash

NT News - - NEWS -

AL­MOST half of the Gun­ner Gov­ern­ment’s first home­buy­ers grants handed out have been for the pur­chase of homes in Dar­win and its sur­round­ing north­ern sub­urbs.

Fig­ures re­leased by the NT Gov­ern­ment show 745 res­i­dents Ter­ri­tory-wide have pur­chased their first home us­ing the new stamp duty dis­count, and 458 ap­pli­ca­tions have been ap­proved for the $10,000 home ren­o­va­tion grant.

First home­buyer ap­pli­ca­tions ap­proved Ter­ri­tory-wide as of Oc­to­ber 9 were 338 in Dar­win and sur­round­ing ar­eas, 182 in Palmer­ston, 50 in Dar­win ru­ral area, 152 in Alice Springs, 17 in Kather­ine, five in Ten­nant Creek and one on the Tiwi Is­lands.

Trea­surer Ni­cole Mani­son said she was pleased with the num­ber of Ter­ri­to­ri­ans choos­ing to buy their first home.

“There is a need to grow our pop­u­la­tion ... it’s crit­i­cal to grow­ing our econ­omy and to de­velop the north,” Ms Mani­son said.

“So it’s fan­tas­tic to see our first home­owner stamp duty dis­count pol­icy and home ren­o­va­tion grants, in­tro­duced im­me­di­ately upon com­ing to Gov­ern­ment, ben­e­fit­ing so many Ter­ri­to­ri­ans”

Un­til the end of Au­gust 2018, re­cip­i­ents of the home­buy­ers grant are also en­ti­tled to re­ceive a $10,000 Home Ren­o­va­tion Pack­age.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.