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{{propApi.successMessage}} {{region}} Change locationTasmanians want to build but home starts remain the furthest below average in the nation
Tasmanians want to build but home starts remain the furthest below average in the nation
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There were 2,854 dwellings approved in Tasmania in the year to August 2026, up 21.8 per cent on the previous year and more than double the national growth rate of 9.1 per cent.
Lending tells the same story with over the year to June 2026, loans to first home buyers rising 14.3 per cent, loans to buy residential land rising 33 per cent, and investor loans for new homes up 71 per cent.
But only 2,515 homes were started in the year to June 2026. That is 12.7 per cent below the ten-year average, the weakest result of any state or territory.
"Tasmanians want to build. First home buyers are back, and more people are borrowing to buy a block than at any point in the past two years," said Benjamin Price, HIA Executive Director Tasmania.
"That is good news, but an approval is not a home. We are still starting fewer homes against our long-run average than any other part of the country.
"Every one of those buyers needs somewhere to build. Our Locked Out report found that serviced, appropriately zoned land is the biggest roadblock to getting homes built in this state, and these figures show why it matters now.
"Demand is coming back from a very low base. If the land isn't ready, that demand turns into higher prices instead of more homes.
"The job for state and local government is to make sure the blocks are there, with the zoning, the services and the approvals to match."
Locked Out: Fixing Tasmania's Land Supply Crisis is available here.
For more information please contact:
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Tasmanians want to build but home starts remain the furthest below average in the nation
New figures show demand for new homes is returning in Tasmania, with building approvals growing faster than in any other state, yet the number of homes actually being started remains further below its ten-year average than anywhere else in the country.