Under a Township Lease, the Executive Director of Township Leasing is able to grant long term Home Ownership Subleases to community residents who want to buy or build their own home.
A Home Ownership Sublease comes as close as possible to an ordinary freehold title that exists in places like Darwin and Alice Springs. This means financial institutions (such as Indigenous Business Australia or a bank) can issue home loans to eligible community residents.
As part of Public Housing policy, the Northern Territory Government has decided to make some Public Housing available for sale. This means that in Township Lease communities a tenant can apply to the NT Government to buy the house they are living in.
Read some good news stories about home ownership.
For more information, see out fact sheet Home ownership and township leases.