New residential construction has emerged as the primary focus of an overhaul of the first home owner housing grant in the Northern Territory as the government seeks budget savings measures which deliver greater policy gains relative to taxpayer dollar outlays.

Announcing the changes last week in the lead up to the Territory budget unveiled on Tuesday, Northern Territory Treasurer Dave Tollner said that from the start of next year, the current First Home Owner Grants (FHOG) of up to $12,000 in Darwin, Palmerston and Litchfield and $25,000 elsewhere would no…