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Speaker 1: Mix one O four point nine dot com for all

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Speaker 1: the latest news and information. Now three sixty with Katie Wolf.

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Speaker 1: Everyone is listening Mix one oh four point nine, one

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Speaker 1: hundred percent.

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Speaker 2: Well, like we always say, we certainly rely on you

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Speaker 2: guys to let us know what's going on around the

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Speaker 2: community and the issues that are important to you. And

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Speaker 2: yesterday we spoke to one of our listeners about a

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Speaker 2: concern that she's got when it comes to building building

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Speaker 2: a new home. We know that there's plenty of grants

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Speaker 2: or there's a couple of different grants available at the

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Speaker 2: moment two territorians who are building. I understand that there's

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Speaker 2: a federal one. I also think that there is a

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Speaker 2: territory one. But one of these one of these grants

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Speaker 2: at the moment people are having a few issues with

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Speaker 2: because it's.

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Speaker 3: Being impacted by the weather.

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Speaker 2: Now that may sound ridiculous, but as we know up

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Speaker 2: here in the top end, when it comes to our

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Speaker 2: wet season, it certainly puts a bit of a hold

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Speaker 2: or a bit of a delay, no doubt about that

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Speaker 2: to some of the construction work that gets under. Now,

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Speaker 2: joining us on the line to give us a little

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Speaker 2: bit of a better idea about the way in which

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Speaker 2: this is impacting some territorians is Katrina Parrington. She's the

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Speaker 2: director of Elders' Home Loans. Good morning to you, Katrina.

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Speaker 4: Good morning Katie. How are you going?

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Speaker 3: Yeah, really good. Thank you so much for joining us

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Speaker 3: this morning.

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Speaker 2: Can you tell us a bit more about the concerns

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Speaker 2: that some territorians have got at the moment when it

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Speaker 2: comes to these schemes and well and the different bonuses

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Speaker 2: that are currently around.

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Speaker 4: Currently, we've got two bonuses in play, the Northern Territory

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Speaker 4: Government's build bonus and the Federal government's home Builder. So

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Speaker 4: we were only advised as brokers about a week ago

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Speaker 4: that unless we had certificate of titles issued to these

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Speaker 4: particular grants that People's Choice credit Union and no disrespect

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Speaker 4: to People's Choice by the way, because they're a brilliant

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Speaker 4: credit union yep. But they actually accept most of the

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Speaker 4: grants towards people's deposits for their homelands and are the

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Speaker 4: only banking fact that do except all the grants. So

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Speaker 4: it's really helped territorians who are renting, trying to pay rent,

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Speaker 4: trying to save a deposit to get into the market,

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Speaker 4: and it's also helped a lot of people who are

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Speaker 4: permanent residents or new citizens getting into the market establishing

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Speaker 4: themselves in the territory. So it's been a bank that

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Speaker 4: we've heavily relied on to assist us in placing these

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Speaker 4: particular clients. PCSU have been advised by Tertiary Revenue Office

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Speaker 4: that if they didn't have applications in as of last Monday,

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Speaker 4: and the applications had to be obviously puty completed and

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Speaker 4: for titled land, that they would no longer be processing

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Speaker 4: those grants for those applications. So unfortunately, with our wet season,

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Speaker 4: we have land subdivisions that are now months behind this

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Speaker 4: look this fact may have been in the ether and

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Speaker 4: we just weren't aware of it back in the process,

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Speaker 4: but it was only brought to our attention in the

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Speaker 4: last week and a half. Our clients have gone through

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Speaker 4: the process, not just mine, but other client arether brokers,

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Speaker 4: other bank clients around the territory gone through this process

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Speaker 4: to put their names down on blocks, get themselves preapproved,

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Speaker 4: do what they can to get in their own homes,

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Speaker 4: signed contracts for land and for build land hasn't titled

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Speaker 4: and now all of those people that are in this

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Speaker 4: Limbo area are going to be disadvantage ss of the

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Speaker 4: end of this month.

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Speaker 3: Wow.

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Speaker 2: So Katrina, for you know, for those people that are

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Speaker 2: in this situation, you know, like what capacity have we

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Speaker 2: got here? Obviously, you know it's sounding like it's a

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Speaker 2: really difficult situation for them. Is there? I mean, is

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Speaker 2: there going to be any opportunity for us to try

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Speaker 2: and sort of extend this.

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Speaker 4: What we'd like to see And I don't know if

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Speaker 4: it's possible, And that's perhaps on the federal side of

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Speaker 4: things where Senator McMahon and mister Gosling might be able

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Speaker 4: to step up and help local territories. Is we'd like

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Speaker 4: to see people who have entered into contracts for building

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Speaker 4: their homes and purchasing land for land that hasn't yet

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Speaker 4: but they have entered into a contract for those applications

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Speaker 4: to be on it. I'm not asking tro or the

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Speaker 4: federal government or ANTIGUAV to extend this to the process

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Speaker 4: of when land is titled in the never Knew It,

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Speaker 4: but applications received up to the thirty first of March

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Speaker 4: to be honored so that when those lands do title,

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Speaker 4: those people, those territorians can get into their home like

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Speaker 4: We're in a very difficult market for young Territorians and

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Speaker 4: young families right now. Rents are going through the roofs.

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Speaker 4: These people are feeling the pinch in so many ways,

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Speaker 4: and yet they're willing to make a commitment to Darwin,

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Speaker 4: to Catherine, to Alice brings a commitment to be in

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Speaker 4: the community, to build the community, a part of a

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Speaker 4: vibrant community, and where sort of well, the government, federal

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Speaker 4: and NT is saying the thirty first March game over.

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Speaker 2: Katrina, do you have any idea how many Territorians this

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Speaker 2: might impact.

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Speaker 4: Look, I can only speak for myself, and we have

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Speaker 4: quite a number on our book and I would I

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Speaker 4: don't think i'd be I wouldn't be the largest broker

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Speaker 4: in Darwin, Catherine or Alice. I'm sure that there are

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Speaker 4: many others that have a number on their books, but

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Speaker 4: it is quite a number. There are obviously some other

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Speaker 4: schemes open to us that we can certainly use, but

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Speaker 4: some people will still remain disadvantage at the end.

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Speaker 2: Of the day.

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Speaker 4: There are some people that no matter what we do,

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Speaker 4: we will not be able to get them into their

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Speaker 4: own homes in the current environment.

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Speaker 2: Katrina, can you break this down for me, so that

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Speaker 2: I totally understand because I'm about to have Luke Gosling

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Speaker 2: on the show, and no doubt I will have some

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Speaker 2: of our territory ministers on the show at some point

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Speaker 2: next week. But I'm about to speak to Luke Gosling.

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Speaker 2: So really, what you're keen to find out at this point,

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Speaker 2: or what you'd like to see, is people who've entered

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Speaker 2: into those contracts for those contracts to be honored.

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Speaker 3: Basically, yeah, correct.

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Speaker 4: We've got a lot of these people. These people are

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Speaker 4: already pre approved, so they've gone through the process of

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Speaker 4: getting their approvals done, they've been accepted, but now they're

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Speaker 4: being knocked back because they don't have titles. And that's

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Speaker 4: a peculiarly Darwin top end Catherine issue. You're not going

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Speaker 4: to see that. In Sydney, Melboyn, Adelaide and Perth, those

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Speaker 4: developers were able to release their land, get it titled

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Speaker 4: and do what they needed to do. But up here,

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Speaker 4: preeople on this big Web have been pretty much hamstrung

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Speaker 4: since December and nothing has much has much gone on

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Speaker 4: in that titled space. And in fact, my understanding speaking

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Speaker 4: to a couple of the developers in town is that,

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Speaker 4: and they're actually expecting titles to be delayed a little

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Speaker 4: bit longer.

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Speaker 3: Goodness me.

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Speaker 2: So really, you know, we've been quite reliant or certainly

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Speaker 2: these bonuses as well, these schemes have really helped our

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Speaker 2: construction sector and really helped you know, our builders, our

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Speaker 2: subbi's a lot of.

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Speaker 3: Different trades people.

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Speaker 2: If we then have a situation where there's a big

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Speaker 2: number of these applications that cannot go through, excuse me,

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Speaker 2: because they're unable to get these grants some people, it

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Speaker 2: may be the decision for some people whether they do

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Speaker 2: or do not go ahead and get a new home.

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Speaker 3: Bilch won't it.

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Speaker 4: I certainly will. When I believe you spoke to a

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Speaker 4: young lady yesterday, I didn't hear that. Unfortunately, I'm working

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Speaker 4: in others friends at the moment, so I didn't hear

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Speaker 4: that particular exchange. But there are, and I know in

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Speaker 4: my book, there are certainly a number of people we

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Speaker 4: will not be able to help into their own into

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Speaker 4: home ownership. It just isn't going to happen for them.

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Speaker 4: They don't have family who can step in and supply

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Speaker 4: security guarantees, they don't have funds for extra deposit, and

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Speaker 4: some of these. We're talking teachers, nurses, police officers, shop assistants,

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Speaker 4: single parents. These are people that really do want to

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Speaker 4: get out of the public system and into their own home,

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Speaker 4: and we're handstrang we're hamstring them at the last moment.

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Speaker 2: Well, Katrina, I, as I say, I'm about to catch

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Speaker 2: up with Luke Gosling. But what we're going to do

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Speaker 2: as well is we'll make sure that we might try

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Speaker 2: to catch up with Senator Sam McMahon on Monday as

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Speaker 2: well to see if we can talk a little bit

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Speaker 2: further about this, because you know, the last thing that

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Speaker 2: we want to see here is Territoryan's disadvantage just because

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Speaker 2: of the weather, you know, like because of delays obviously

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Speaker 2: due to our wet season, and if other Aussies is

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Speaker 2: still able to you know, to get into their first homes,

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Speaker 2: we want to make sure that Territorians are able to

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Speaker 2: do that as well.

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Speaker 4: Thanks, Curtie, appreciate any assistance you can provide.

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Speaker 3: No worries.

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Speaker 2: We appreciate you having a chat to us and making

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Speaker 2: it a bit easier for us to understand.

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Speaker 3: Time you too.

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Speaker 2: Katrina Parrington there now, as I said, she is of

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Speaker 2: course South the director at elder's home loans,