Dwelling Approvals Up 14 % For Year To May 2019

Dwelling Approvals Up 14 % For Year To May 2019

Tasmania Minister for Building and Construction Elise Archer

Tasmania’s Housing And Construction Industry Remains Strong

Victor P Taffa

It is fantastic to see the latest ABS figures released today, confirming Tasmania has the strongest growth in the number of dwelling approvals in Australia, Minister Archer said.

“Demonstrating the Hodgman Government’s plan to support the building industry is working.”

Not only did dwelling approvals rise by 14 % in the year to May 2019 compared to the previous year, but the total value of residential buildings approved grew by 20.2 % over the same period.

Figures demonstrate the housing sector is stronger, and there are now almost 100 more homes on average being approved each month compared to the last year of the Labor-Green Government.

“Hodgman Government understands there is a high demand for new housing across Tasmania, and our continued support is having a positive impact on increasing the number of homes being built for Tasmanians in need.” Minister Archer said.

Abbreviations:

ABS                Australian Bureau of Statistics