Tasmania bucks national trend on housing finance

10 December 2018

The Hodgman Liberal Government is laying the foundations for the future to make Tasmania the state for people to work, live and invest.

The ABS today revealed that housing finance commitments in Tasmania increased by 12.4 per cent in October 2018 compared to the same period 12 months earlier. This is by far the highest rate of annual growth in Australia, and in stark contrast to a significant decline nationally.

This is the 11th consecutive month that Tasmania’s housing finance has grown, when many other jurisdictions are seeing consecutive monthly declines.

Pleasingly, the year to October 2018 saw a 20 per cent increase in the number of housing finance commitments for the construction of new dwellings, compared to the previous year.

Over the past year, finance commitments to first home buyers comprised nearly 15 per cent of all housing finance commitments in Tasmania.

These figures are once again a sign of confidence under the Hodgman Liberal Government’s policies, and further positive news for the building industry and for Tasmania’s long-term housing supply.

The Government is delivering our long term plan for Tasmania and we are growing the economy to create jobs.

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