Dwellings Approvals For Tasmania 5.8 % Up July 2019

Dwellings Approvals For Tasmania 5.8 % Up July 2019

Tasmania Minister for Building and Construction Elise Archer

Building Approvals Through The Roof

Victor P Taffa

ABS figures released today for July 2019 confirms Tasmania’s housing sector remains the strongest in the nation, with more to come, Minister for Building and Construction Elise Archer said.

In the year to July 2019 there were 3,137 dwellings approved in Tasmania, an increase of 5.8 % compared to the previous year. In fact, Tasmania was the only jurisdiction in Australia to see approvals growth over this period.

In the past 5 years, Tasmania’s housing sector has gone from strength to strength: with a significant average of 91 more dwellings approved per month than in the last year of the Labor-Green Government.

This reinforces building activity data released earlier this week highlighting Tasmania was the only jurisdiction in Australia to see activity growth over the year to July 2019 in trend terms, with all other jurisdictions seeing a decrease in building work done.

Hodgman Government has extended the $20,000 First Home Builder Boost, provided stamp duty relief for pensioners who are downsizing their property, removed red tape to make it easier and quicker to build homes, and rezoned surplus government owned land to enable more homes to be built.

“While we know there is more to do, the data points to increasing housing supply and a strong building and construction sector in Tasmania.” Minister Archer said.

Abbreviations:

ABS                Australian Bureau of Statistics