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In the three months to September 2025, 722 building approvals were recorded across the state (in original terms) – a 12.8 per cent increase compared to the same quarter a year earlier. This marks the strongest quarterly result since late 2023 and reflects renewed confidence in Tasmania’s housing market.
Executive Director Benjamin Price said the figures are a welcome boost for the industry and the broader economy.
“This increase in approvals is a clear indicator that Tasmania’s housing sector is gaining momentum,” Mr Price said.
“More approvals is a promising sign for more homes for Tasmanians, more jobs for local trades, and greater investment in skills and training.”
The growth in approvals comes as the Government has committed to triple the First Home Owner Grant, which will help more Tasmanians achieve the dream of home ownership.
“The best way to tackle housing affordability is to increase supply,” Mr Price said.
“Every new approval means more homes for Tasmanians and more opportunities for people to enter the market.”
“This growth in approvals shows confidence in the sector and is a critical step toward easing pressure on housing in Tasmania,” Mr Price said.
“We need to keep building – because supply is the solution.”
The latest ABS data released today shows that home building approvals in the ACT remain underwhelming, which reaffirms that relief from affordability pressures is still a long way off.
Tasmania’s building and construction sector is showing strong signs of growth, with the latest Australian Bureau of Statistics (ABS) data revealing building approvals have reached their highest level in two years.
“The decline in the cash rate and ongoing population growth is finally flowing through to a rise in building approvals,” stated HIA Senior Economist Tom Devitt.
The HIA NSW Housing and Kitchen & Bathroom Awards showcase the achievements of HIA member builders and building professionals in the NSW housing industry.