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“Tasmania’s demand for housing has not been met with sufficient supply, resulting in significant undersupply of housing which warrants all levels of Government working together to get more slabs poured and in turn more people into new homes.
“Therefore, today’s announcement on the ‘Homes Faster!’ package which features a range of measures and incentives to encourage new dwelling construction and off-the-plan purchases for homeowners; and incentivise multi-unit or apartment developments across the State is an important first step,” Mr Price said.
“Housing construction and development is burdened by statutory and regulatory costs, impeding affordability for homeowners and slowing and delaying development. At the end of the day, consumers and homeowners bear these costs.
“Policies like that announced today on the ‘Homes Faster!’ will go a long way in easing these pressures for Tasmanians, while importantly encouraging development and residential construction.
“We would also further support additional improvements, including meaningful planning regulatory reform, to streamline subdivisions within existing communities, and improve the process for the approval of townhouses or low-rise apartments in established suburbs.
“HIA will continue to encourage all parties to focus on election commitments and policies to prioritise incentives and support for the residential construction sector and growing the construction workforce,” Mr Price concluded.
P: 03 6230 4605
M: 0400 325 039
E: b.price@hia.com.au
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.