1 00:00:00,160 --> 00:00:04,560 Speaker 1: Yesterday the Northern Territory government announcing that the build bonus 2 00:00:04,720 --> 00:00:07,600 Speaker 1: has been extended. So the government saying that that extension 3 00:00:08,080 --> 00:00:11,320 Speaker 1: is going to give the construction industry confidence to plan projects, 4 00:00:11,360 --> 00:00:15,960 Speaker 1: retain workers and invest in local capability, while also of 5 00:00:16,000 --> 00:00:19,760 Speaker 1: course helping more Territorians to enter the housing market. Now 6 00:00:19,800 --> 00:00:21,760 Speaker 1: joining us on the line to talk a little more 7 00:00:21,760 --> 00:00:24,840 Speaker 1: about this is the head of Master Builders here in 8 00:00:24,880 --> 00:00:28,120 Speaker 1: the Northern Territory, Sallyan in us. Good morning to you, 9 00:00:28,240 --> 00:00:28,840 Speaker 1: Sally Anne. 10 00:00:29,520 --> 00:00:31,080 Speaker 2: Good morning Katie. Thanks for having me. 11 00:00:31,240 --> 00:00:33,599 Speaker 1: Yeah, lovely to have you on the show now, Sallyann, 12 00:00:33,680 --> 00:00:37,000 Speaker 1: I'd imagine this was welcomed by the industry yesterday when 13 00:00:37,040 --> 00:00:38,280 Speaker 1: you learned of the extension. 14 00:00:39,200 --> 00:00:42,280 Speaker 2: Absolutely, Katie. As one of my master Builder's members said 15 00:00:42,280 --> 00:00:44,880 Speaker 2: to me, we're just beginning. This is just the start. 16 00:00:45,000 --> 00:00:48,120 Speaker 2: So there's a lot of excitement around about it and 17 00:00:48,159 --> 00:00:50,280 Speaker 2: it's a really practical step on behalf of the government. 18 00:00:50,360 --> 00:00:53,440 Speaker 2: So we thank them for that. You know, it delivers 19 00:00:53,600 --> 00:00:56,400 Speaker 2: the housing that we desperately need in the Northern Territory, 20 00:00:56,400 --> 00:01:00,440 Speaker 2: but also our workforce and skills maintaining and retaining that, 21 00:01:00,960 --> 00:01:03,560 Speaker 2: as well as an investment in a residential sector. 22 00:01:04,319 --> 00:01:08,040 Speaker 1: What kind of interest and what kind of impact you know, 23 00:01:08,280 --> 00:01:11,039 Speaker 1: has this scheme had sort of in the first. 24 00:01:10,800 --> 00:01:14,680 Speaker 2: Round, a lot of interest. I mean, if you look 25 00:01:14,720 --> 00:01:17,720 Speaker 2: at places like North Crest and Marara, even the Holts development. 26 00:01:18,080 --> 00:01:20,039 Speaker 2: You know, North Crest in the last twelve months have 27 00:01:20,920 --> 00:01:23,720 Speaker 2: settled on ninety five blocks and then I think they've 28 00:01:23,760 --> 00:01:25,640 Speaker 2: got about fifty they're settle on in the next month, 29 00:01:25,720 --> 00:01:28,520 Speaker 2: so there's a lot of interest around. Then you've got Holts, 30 00:01:29,440 --> 00:01:31,800 Speaker 2: So it is really and it's getting people into the 31 00:01:31,840 --> 00:01:34,640 Speaker 2: market Katie that haven't been able to get in before 32 00:01:34,760 --> 00:01:38,200 Speaker 2: or previously. So no, there's a lot of excitement as 33 00:01:38,520 --> 00:01:40,680 Speaker 2: you know far as Master Builders members goes and our 34 00:01:40,720 --> 00:01:45,200 Speaker 2: residential builders, it's absolutely making a difference to them and 35 00:01:45,560 --> 00:01:49,200 Speaker 2: the economy. Like the Concept report in relative terms shows 36 00:01:49,240 --> 00:01:53,440 Speaker 2: that you know, we're growing relatively or you know, with 37 00:01:53,520 --> 00:01:56,920 Speaker 2: that relativity in mind, it's growing, So it's making a difference. 38 00:01:57,560 --> 00:02:00,960 Speaker 2: Our building sector is increasing, but we you know, at 39 00:02:00,960 --> 00:02:03,720 Speaker 2: the same time we are seeing a clear sign of 40 00:02:03,720 --> 00:02:06,160 Speaker 2: the downturn in commercial projects. There's a lot few of 41 00:02:06,200 --> 00:02:08,320 Speaker 2: them coming to the market, yes, and there's a lot 42 00:02:08,360 --> 00:02:12,000 Speaker 2: of increased pressure on our commercial builders, which we will 43 00:02:12,680 --> 00:02:15,640 Speaker 2: you know, we'll advocate for going forward, but certainly in 44 00:02:15,639 --> 00:02:18,680 Speaker 2: the residential sector. This is a great opportunity. 45 00:02:18,680 --> 00:02:20,840 Speaker 1: When you still talk about the residential sector. I know 46 00:02:20,880 --> 00:02:22,760 Speaker 1: there's also been quite a bit of discussion and we 47 00:02:22,800 --> 00:02:24,560 Speaker 1: were talking a lot about it towards the end of 48 00:02:24,639 --> 00:02:29,320 Speaker 1: last year about the federal government initiative which is obviously 49 00:02:29,320 --> 00:02:33,160 Speaker 1: aimed at getting people into their first times, and some 50 00:02:33,280 --> 00:02:36,240 Speaker 1: calling for that cap to be lifted. So the cap, 51 00:02:36,280 --> 00:02:38,600 Speaker 1: as I understand it, currently, it's six I think it's 52 00:02:38,600 --> 00:02:40,720 Speaker 1: at six hundred thousand. I'll need to double check that. 53 00:02:40,760 --> 00:02:43,320 Speaker 1: I'm pretty sure it is. It is. Is that something 54 00:02:43,320 --> 00:02:45,280 Speaker 1: that you guys think needs to be lifted as well? 55 00:02:46,040 --> 00:02:48,600 Speaker 2: We absolutely do, and we've written to the treasure and 56 00:02:48,639 --> 00:02:51,080 Speaker 2: we've had a response from Claara O'Neill, a Housing Minister, 57 00:02:51,200 --> 00:02:54,120 Speaker 2: and I've actually had the opportunity this morning to have 58 00:02:54,160 --> 00:02:57,600 Speaker 2: a presentation from her. I'm in Canberra with National Builders, 59 00:02:57,800 --> 00:03:04,240 Speaker 2: Master Builders and mister this morning was in the letter 60 00:03:04,240 --> 00:03:06,200 Speaker 2: that she sent to us last week was a little 61 00:03:06,240 --> 00:03:08,120 Speaker 2: bit sort of vague about what she could do, but 62 00:03:08,160 --> 00:03:10,640 Speaker 2: this morning she did undertake to go back and speak 63 00:03:10,680 --> 00:03:14,120 Speaker 2: to Treasury. It is vastly under what it needs to 64 00:03:14,160 --> 00:03:16,679 Speaker 2: be in the Northern territory. I don't think. I mean, 65 00:03:16,960 --> 00:03:19,360 Speaker 2: there's not one builder that I speak to that says 66 00:03:19,440 --> 00:03:22,200 Speaker 2: that six hundred thousand dollars on that five percent deposit 67 00:03:22,360 --> 00:03:25,840 Speaker 2: is adequate, and it's absolutely not. So we will continue 68 00:03:25,840 --> 00:03:30,799 Speaker 2: to advocate. We've had a lot of support. The Treasurer, 69 00:03:30,919 --> 00:03:33,880 Speaker 2: Bill Yan has been very vocal about it. We've spoken 70 00:03:34,040 --> 00:03:37,320 Speaker 2: to Luke Gosling who's been great in helping us advocate 71 00:03:37,400 --> 00:03:39,840 Speaker 2: for that as well. So it's something that we're really 72 00:03:41,200 --> 00:03:43,600 Speaker 2: you know, we're really focused on and we will try 73 00:03:43,640 --> 00:03:45,240 Speaker 2: and get an outcome as soon as we can because 74 00:03:45,240 --> 00:03:47,280 Speaker 2: we want more people in houses, we want more first 75 00:03:47,280 --> 00:03:50,119 Speaker 2: home buyers in houses, we want people living in the territory. 76 00:03:50,400 --> 00:03:52,920 Speaker 1: Well, that's right, and it also though eases you would 77 00:03:52,920 --> 00:03:55,240 Speaker 1: hope that as more people into the housing market, if 78 00:03:55,280 --> 00:03:56,960 Speaker 1: they're able to and if they can afford it, that 79 00:03:57,040 --> 00:03:59,480 Speaker 1: then it opens up some of those rentols for other 80 00:03:59,520 --> 00:04:01,600 Speaker 1: people as well trying to find a place to live. 81 00:04:02,520 --> 00:04:05,080 Speaker 2: One hundred percent, and if we've got any chance of 82 00:04:05,520 --> 00:04:08,520 Speaker 2: making the housing accord or that those houses that we 83 00:04:08,600 --> 00:04:11,560 Speaker 2: have to do by twenty twenty nine, then we absolutely 84 00:04:11,640 --> 00:04:14,880 Speaker 2: need it. We need people building in the Northern Territory. 85 00:04:14,560 --> 00:04:17,000 Speaker 1: Sally And in terms of of that cap, so six 86 00:04:17,080 --> 00:04:19,200 Speaker 1: hundred thousand, what do you guys think it should go to. 87 00:04:20,279 --> 00:04:23,520 Speaker 2: Well, where we're thinking it should be up of eight 88 00:04:23,880 --> 00:04:26,680 Speaker 2: eight hundred and fifty thousand. That reflects what it costs 89 00:04:26,680 --> 00:04:29,720 Speaker 2: to build and buy land in the Northern Territory. We 90 00:04:29,800 --> 00:04:34,000 Speaker 2: have those added costs because of supply chain or even 91 00:04:34,040 --> 00:04:36,720 Speaker 2: like the seismic and cyclonic issues that we have to 92 00:04:36,720 --> 00:04:39,680 Speaker 2: build to in the Northern Territory. So we do have 93 00:04:39,720 --> 00:04:44,039 Speaker 2: to recognize that the government for the terms the Northern 94 00:04:44,120 --> 00:04:47,279 Speaker 2: Territory has regional so regional has all been grouped into 95 00:04:47,320 --> 00:04:50,479 Speaker 2: one particular lot around the country and it just doesn't 96 00:04:50,520 --> 00:04:54,640 Speaker 2: reflect what we need up there. So the one size 97 00:04:54,760 --> 00:04:57,000 Speaker 2: fits all system is an adequate for us. 98 00:04:57,200 --> 00:04:59,479 Speaker 1: Yeah, hey, I'm Saliam. Before I let you go, I 99 00:04:59,520 --> 00:05:02,479 Speaker 1: know the it's been making a few announcements about new 100 00:05:02,520 --> 00:05:06,159 Speaker 1: residential developments. We've seen planning amendments made to allow for 101 00:05:06,240 --> 00:05:09,279 Speaker 1: Lloyd Creek or people might know it formerly is Nunamar Ridge. 102 00:05:09,600 --> 00:05:12,320 Speaker 1: There was also a deal done to build Farrell West. 103 00:05:12,680 --> 00:05:15,360 Speaker 1: How important are these new developments. 104 00:05:16,440 --> 00:05:20,400 Speaker 2: Yeah? Absolutely, the Far West development out there at Palnerston 105 00:05:21,200 --> 00:05:26,040 Speaker 2: great in consultation or in partnership with the Larache Development Corporation. 106 00:05:26,440 --> 00:05:29,200 Speaker 2: Great to see opens up more land to build more houses. 107 00:05:30,200 --> 00:05:32,960 Speaker 2: Lloyd's Creek a little bit different. It's very in its 108 00:05:33,120 --> 00:05:35,360 Speaker 2: very early stages, Katie, Like, I know there's a bit 109 00:05:35,400 --> 00:05:39,120 Speaker 2: of distress about that, but I mean the changes that 110 00:05:39,240 --> 00:05:43,200 Speaker 2: Minister Burgoing made last week were simply just to have 111 00:05:43,240 --> 00:05:45,240 Speaker 2: a look at what could be done. So there's no 112 00:05:46,880 --> 00:05:48,760 Speaker 2: there's no hard and fast yes or no on that. 113 00:05:48,839 --> 00:05:50,760 Speaker 2: There's a long way to go as far as their 114 00:05:50,839 --> 00:05:56,160 Speaker 2: environmental and infrastructure management strategies to go to come into play. 115 00:05:56,279 --> 00:06:00,560 Speaker 2: So I think, yeah, I think that's a thirty year 116 00:06:01,200 --> 00:06:06,120 Speaker 2: program certainly a long way to go, and I appreciate 117 00:06:06,160 --> 00:06:09,159 Speaker 2: that there's people, you know, a little bit upset about it, 118 00:06:09,200 --> 00:06:11,080 Speaker 2: but the government was very clear in the fact that 119 00:06:11,080 --> 00:06:13,040 Speaker 2: they were going to open the territory for business, and 120 00:06:13,360 --> 00:06:14,760 Speaker 2: you know, this is one of those steps that they're 121 00:06:14,800 --> 00:06:16,680 Speaker 2: looking at. By no means have done deal though. 122 00:06:16,800 --> 00:06:19,080 Speaker 1: Yeah, Well, Sally Anne, really good to speak with you 123 00:06:19,120 --> 00:06:20,960 Speaker 1: this morning. What else is on your agenda while you're 124 00:06:20,960 --> 00:06:21,520 Speaker 1: in Canberra? 125 00:06:22,640 --> 00:06:25,239 Speaker 2: Ah, Just trying to get as much for the local 126 00:06:25,279 --> 00:06:27,839 Speaker 2: construction industry as we can. We've had some great meetings 127 00:06:28,320 --> 00:06:31,640 Speaker 2: around a lot of opportunities that are available. So I'm 128 00:06:31,640 --> 00:06:34,760 Speaker 2: down here with President of Master Miller's, Jimmini. So yeah, 129 00:06:34,760 --> 00:06:35,359 Speaker 2: it's been great. 130 00:06:35,600 --> 00:06:37,200 Speaker 1: Well, good on you and good to catch up with 131 00:06:37,240 --> 00:06:41,320 Speaker 1: you this morning. Always appreciate your time. Thanks Katie, thank you, 132 00:06:41,400 --> 00:06:42,120 Speaker 1: Thanks so much.