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{{propApi.successMessage}} {{region}} Change locationFirst Home Owners can once again dream big of building a home in Tasmania
First Home Owners can once again dream big of building a home in Tasmania
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HIA Executive Director Tasmania, Stuart Collins said, “this announcement mirrors one of the key items on HIA’s wish list, by tripling the current First Home Owners Grant (FHG) and restoring it to previous levels.
“First homebuyers historically make up about 30 per cent of the market but recently these numbers have dropped alarmingly due to a number of market challenges, although clearly not helped by the lowering of the grant.
“With $30,000 available this will enable more first homebuyers to reduce upfront debt and secure home loans.
“This is significant as first homebuyers are a critical segment of the market in terms of the housing continuum. Encouraging more first homebuyers to build homes takes pressure off social housing and rental lists, increases housing supply and provides trade-ups for new builds in the future.
“Stimulating new construction across the state, also has a positive effect in supporting jobs and boosting the broader economy.
“In addition, HIA welcomes the increase in the value cap for new home construction under MyHome to $800,000, with the FHG able to be used in conjunction with this program.
“HIA urges other parties and candidates to match this commitment.
“However, we also need an incoming government to find a way to fast track ‘shovel ready’ land and simplify planning approvals, otherwise housing stimulus will be wasted,” concluded Mr Collins.
For more information please contact:
New federal funding for councils to support housing delivery
“The Federal government’s announcement that Councils are to receive $1.7 billion early funding to assist with the provision of shovel ready housing projects is a key part of addressing the nation’s housing puzzle,” HIA Chief Executive Industry & Policy, Simon Croft said today.
Government delivers its first Budget with a focus on “A place to call Home”
Earlier this week the LNP Queensland Government delivered its first State Budget.
2025/26 ACT Budget released
The ACT Government has released the 2025/26 budget, a first for incoming Treasurer Chris Steel MLA. Following is an overview of the budget, along with residential building industry specific outcomes.
More taxes equals less homes
While recognising a number of measures announced to support housing prior to the ACT formal release budget, the Housing Industry Association (HIA) has expressed concern at increases in a number of taxes and fees, which will all add to the cost of home building.