Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

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CHANGES TO FHOG IN THE NT – BONUS OR BUST FOR REMOTE COMMUNITIES

Posted by Katrina Parrington on July 7, 2014

Many other State governments have taken a similar approach with their First Home Owners Grants and the benefits to these communities in building new dwellings, via employment and other factors is understood. The question here is how does this approach to the First Home Owners Grant benefit First Home Buyers in remote Northern Territory communities where land is scarce and expensive by Australian standards coupled with the expensive cost of building in Alice Springs, Tennant Creek, Nhulunbuy, Katherine and other remote communities.

Based on a 3 bedroom, 2 bathroom home building costs are approximately 20 to 30% per square metre higher in Alice than in suburban areas of Sydney. The average price of land per square metre is also higher. Understood wages are not the same but neither is the cost of living.

Yes we all pay for our piece of paradise but one of the most important resources a community has is its youth and experienced workers who transition into our community and they make up a considerable percentage of our first home buyers are we pricing our youth and potential experience out of the market?

The issue here is availability of land to build homes at a cost effective price and further incentives to First Home Buyers to construct new dwellings in regional areas where the cost of construction is so high! Central Australia needs a WIN WIN solution one that supports housing, retention of trades, retention of new skilled workers to our community and up skilling of youth alongside regional development in new and established dwellings.

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